Seems a lot of effort for maybe 500-800k worth of shares at 1 cent with options at 1.5.
If someone wiped those 0.8 they would be getting a 20% discount to the SPP (OK without free options, but with the 0.2 saving you can buy June 25 options exercisable at 0.9 right now).
This means the seller who might be trying to keep the price down to discourage retail holders taking up an SPP thinks there is value for the options above 1.5 cents and wants more of them. And they are willing to buy shares in the SPP at 1 cent. But they are willing to sell at 0.8 to get them?
My small brain can;t work out the logic behind this arbitrage.
Seems a lot of effort for maybe 500-800k worth of shares at 1...
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Last
$1.03 |
Change
0.015(1.48%) |
Mkt cap ! $14.65M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | 95.0¢ | $109.7K | 112.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23906 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 2292 | 2 |
View Market Depth
| Last trade - 15.57pm 19/06/2025 (20 minute delay) ? |
| OSL (ASX) Chart |