Just a quick thought about that warrant cross ... so someone just bought 100m warrants which i assume to be 5c exercisable ones. They paid 9c for the warrants alone thus they still need to convert the warrants which means they have essentially just bought 100m shares at 14c.
Is that right?
Dilution yes but also a vote of confidence i would think, price strength that would not be reflected accurately in the charts because the cross happened at 9c?
Just a quick thought about that warrant cross ... so someone...
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Last
$6.88 |
Change
-0.040(0.58%) |
Mkt cap ! $6.430B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $7.05 | $6.83 | $13.27M | 1.918M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 966 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 18661 | 4 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |