That's exantly right. Plus that would mean a cash inflow of almost $7.5 million (i.e. almost 30m SUMO with an excercise price of $0.25 per option), which is a pretty darn effective Capital Raise in my book.
Also, China is probably watching us extremely closely and won't want the competition. Possible buy out at $100 million AUD just to shut us up (which I would prefer that we fight off and instead hold what we have, and make WA1 look like a baby..all going well)
GLTAH
IMHO / DYOR
SUM next WA1, page-655
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.11M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.0¢ | $130.3K | 678.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35400 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 15.43pm 09/10/2024 (20 minute delay) ? |
| SUM (ASX) Chart |