Good point in regards to how well LCL has held up against it's peers. I think so too. I agree on your other comments too, although I'm hoping the timing of the move is sooner than 12-18 months.
Can you expand more on the option holders and what their current thinking is? Also, what do mean by "They aren’t capping for obvious reasons."?
Interested to know their current thinking, like are they still holding heads aswell? 20% of 50M options is ~10M options, I guess they own far more options than heads, which means they have sold a lot of the heads. So are they bullish on LCL and their prospects? I respect that you may not be able to share too much, but intrigued to know what you can share.
Thanks in advance
LCL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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