1. Mr X buys more shares at market, a couple of mill would have started the SP moving, timed to co-incide with Ann to ASX re. Ni discovery.
have a look at the dollar value trading in the lead up to the announcement...
in the 3 days before = $14,700
in the week before = $20,100
in the 2wks before = $22,200
in the month before = $156,000
in the 3mths before = $557,500
just over $500k in total! traded in 3mths! before the announcement. and since the announcement there has been nearly $120m traded
and look at the share price in the weeks pre-announcement, not exactly a picture of inside knowledge
2. AS unlisted options come into money (first the .20 XPs then the 0.60 XPs) a portion are exercised thus giving SIR a much needed cash infusion
there has been zero 3b's issued since the announcement... so zero options exercised... so zero dodgy cashing in on options
3. Mr X then carefully offloads, in smaller tranches, the extra holdings he bought at the start of the run. Net result everyone's a winner - SIR has more cash, Mr X has made a motza, the LT SH are ecstatic as are the true believers and bot traders. Champagne all round.
in smaller tranches....? what, smaller tranches of the $500k ?
well, cause "they" wouldn't have been 100% of the volume in the last 3 mths, maybe it was smaller tranches from $250k
perhaps they cashed-in "big time"... all $10k at a time ?
engineered a major discovery and risked prison... to make $1m... and they forgot to cash in the options
... come on... at least check some of the facts first...and make your argument sound half credible
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