I just noticed that 10,000,000 options/warrants are due to expire 31st December this year at an exercise price of AUD 0.25 per new Share -they were issued back in April 2020 to a consultant (believed to be European Energy and Infrastructure Group) in consideration for services (over a two year period) and particularly in relation to the subscription by CEZ for 51% of Geomet.
At such a low price they will obviously be exercised .
So they will need to sell at least 3 million shares to cover the exercise cost - For a free carry they hopefully sit on the remaining 7 million shares!
On the plus side another AUD 2.5 million dollars heading for the bank - and thankfully KC hasn't been too dilutive (at least our retained 49%) lol
Maybe our seller!
I just noticed that 10,000,000 options/warrants are due to...
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Last
27.5¢ |
Change
0.020(7.84%) |
Mkt cap ! $57.04M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 28.0¢ | 26.0¢ | $39.07K | 145.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37000 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 30069 | 2 |
View Market Depth
| Last trade - 14.06pm 28/06/2024 (20 minute delay) ? |
| EMH (ASX) Chart |