I agree peterlip. Wrote them of some time ago and replicated the exposure with the UNTOAs for absolute peanuts. I am VERY confident that they will completely wipe out what has been written off with the UNTOs. In fact, will be a win/win, as I'll be writing off that loss with a tax loss offset, while covering that "loss" with the UNTOAs!!!.
Management MUST know the potential value of the UNTOs, and , as you say, there are still SEVENTY THREE DAYS, before they expire. Nothing's impossible in this game. I'm sure that the buys at the moment are just token opportunist's punts with very high hopes. But, it is most definitely a space that needs watching closely. Getting into the .017s is very promising, with what's immediately ahead news wise.
UNTO Discussion, page-143
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1.3¢ |
Change
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Mkt cap ! $15.90M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $3.282K | 252.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2333831 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2251595 | 6 |
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| UNT (ASX) Chart |