I think it would be a very logical step for management to arrange underwriting of the options. They have raised money recently at 85c, so why wouldn't an underwriter want to take 16m shares at 75c, reasonable discount, good prospect to get a good return. Bascially if you believe that scenario and the sp keeps tracking south, then it is a pretty good bet. Anyhow only time will tell
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $26.30M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $14.2K | 1.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4454662 | 11 |
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| Last trade - 11.27am 11/07/2024 (20 minute delay) ? |
| TYX (ASX) Chart |