Okay here is my opinion for what it is worth. Kev previously stated that the options would be in the money before exercise date and I beleive he has put strategies in place to do so. In this market this will require a steady strengthening of the share price up until latest Wednesday to allow for postage and admin time to exercise. Oh yea Wednesday thats another update day isn't it :)
So what we are seeing right now will progress close to .10 but maybe pushed higher when assay results instill more confidence.
The real question is what value the company places on
the options that are unable to be exercised by traders (without the cash). This will dictate timing. Interested in opinions on that?
All the above is purely theoretical of course :)
price movement
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Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $175.8M | |||
| Open | High | Low | Value | Volume |
| 88.5¢ | 88.5¢ | 88.0¢ | $2.152K | 2.443K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1978 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 602 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |