Previous high is not a good indicator, as there were significantly less shares on issue then.
For example $2.33 with 1,000 share float is equivalent to $1.16 with 2,000 share float (due to SPP dilution).
(SPP has not doubled the share float, but you catch my drift)
As to the options - here is how I see it
Net outlay will be zero - 1 day hold.
- If I buy 80,000 shares next week on Weds 4th Sept at $0.40 = $32k cost
- I sell them on Thursday 5th Sept and receive back my outlay (though in theory it should drop by the value of the options)
On 6th September, I receive 10,000 " Loyalty Options" at $0.55. (I still love that Talga named them Loyalty Options as it means them my reward for being so loyal - despite not participating in the CR)
- If no SC decision, I expect the share price to be much lower than it is now ~ maybe 20 cents as you suggest. I think lower. In this case I preserve all capital
- If SC decision occurs, and share price jumps to $1.50, I have my options that I buy at $0.55 and make $0.95, though would continue to hold
My biggest fear is the instos are going to be playing the same strategy, so there could be a significant drop on the ex options date (which makes sense, just as a share price drops on the ex dividend date by the value of the divvy)
I'm most concerned if they couldn't even raise $5M at $0.38, as that suggests to me that the instos are likely going to seek capital preservation strategies
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Last
36.5¢ |
Change
-0.015(3.95%) |
Mkt cap ! $156.5M |
Open | High | Low | Value | Volume |
38.0¢ | 38.0¢ | 36.5¢ | $90.36K | 243.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 59674 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 15530 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 59674 | 0.365 |
19 | 179399 | 0.360 |
5 | 48068 | 0.355 |
12 | 64993 | 0.350 |
1 | 10000 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 15530 | 1 |
0.375 | 3000 | 1 |
0.385 | 42499 | 2 |
0.390 | 65666 | 3 |
0.395 | 40120 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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