SLT 0.00% 0.7¢ select exploration limited

sltoa/slt differential, page-4

  1. 7,409 Posts.
    SLTOA still trending down however. From 20c down to 13c in only a couple of weeks. Sellers are selling into buyers at lower levels. Hardly a sign of confidence. In last 2 weeks, maybe $50K of stock traded. Not really much is it?
    If SLT gets below 20c, then SLTOAs are then out of the money. Typically a stock out of the money and long expiry date will trade at a premium.

    Things really don't look great and until the company clarifies the situation with the original Genelabs Hep E deal, then people have the right to be suspicious. And the current stock price shows that they are.

    Cheers
 
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