I am yet to see the offer detail (where is it posted) - (I'm trying to catch up) ... seems it's 1:20, $4.50 exercise price, 12 month expiry, call option - right?
If this is the instrument then it's hugely bullish as the company will get little/no money in if the SP is under $4.50 in 12 months ... but it rewards all shareholders now on a pro-rata basis if the SP rises through $4.50.
It suggests to me that the company expect a SP of $4.50 is already a "done deal".
RAC - Charts & Price Action, page-5637
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Last
$1.73 |
Change
-0.105(5.74%) |
Mkt cap ! $293.8M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.82 | $1.70 | $240.3K | 138.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 270 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |