re: pushed down - wrongway Well, as expected the options expired and the price has surged.
'Theoretical' bidder has achieved their aim of not letting the options expire in the money.
With the selling removed the price has immediately bounced on low volumes.
Now lets see what happens. I suspect they will not be keen to see any near term increases in the iron ore price negotiation round let the s/p bolt away too far before they come after the Co if that is their aim.
As always my comments are pure theory and should not be taken as anything else. (Not going too bad so far, LOL!!!)
Cheers,
re: pushed down - wrongway Well, as expected the options expired...
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $536.0M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.5¢ | 43.5¢ | $500.2K | 1.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 95763 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 75757 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |