Interesting debate as to whether to exercise or not. It all depends on whether you think the company can use the money effectively.
Under old mgmt, definitely not. And I can understand MN's viewpoint on this being a player with a long period of experience in the market.
But under the new CEO, definitely yes.
Time will tell I suppose, but there is going to be a stream of good news coming out between now and June 30, especially the drilling of Momoho.
I wonder if they get it up past $1.50, whether a broker or series of brokers clubs together to encourage the exercise for the usual 5% fee. With over A$200M of exercise needed, 5% of that would be a very tidy commission indeed. Could introduce some very serious institutions to the register this way without having to bid for the shares in the market place to get a large parcel on board.
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Last
36.5¢ |
Change
-0.030(7.59%) |
Mkt cap ! $81.74M |
Open | High | Low | Value | Volume |
39.5¢ | 39.5¢ | 36.5¢ | $480 | 1.303K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41700 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41700 | 0.365 |
2 | 8585 | 0.360 |
1 | 290 | 0.350 |
1 | 5000 | 0.315 |
1 | 3333 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 3000 | 1 |
0.395 | 26919 | 1 |
0.400 | 11800 | 2 |
0.410 | 13513 | 1 |
0.420 | 1350 | 1 |
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