Thanks BkrDzn for your input.
My $10 m estimate addressed not only the premium for the current $US 68.5 m but also incorporated a guesstimate for further trades the MMI Q report mentioned. The Q report "The company continues to monitor currency markets closely and may look to increase this option position if attractive pricing opportunities arise". I think by addressing only the revenue side the company has forgotten about the natural hedge with liabilities denominated in $US. I do not think the $A will move back to 0.85 and is more likely to go below 0.7. I am invested in 7 other ASX companies that do not do put or call options.
From my experience when a CFO leaves and is replaced by an interim CFO and the company is to "carry out a comprehensive CFO recruitment process" then more often than not the CFO has been pushed. I hope as a shareholder that the current drop in share price is not a sign of insiders getting out before the bomb drops.
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Thanks BkrDzn for your input. My $10 m estimate addressed not...
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $202.4M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.4¢ | $1.040M | 30.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2535065 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 660892 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2535065 | 0.033 |
8 | 1025793 | 0.032 |
5 | 622225 | 0.031 |
5 | 3217000 | 0.030 |
1 | 800000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 660892 | 6 |
0.036 | 907848 | 2 |
0.037 | 564000 | 3 |
0.038 | 363533 | 4 |
0.039 | 1350000 | 3 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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MMI (ASX) Chart |