As soon as the rights issue shortfall shares have been worked though i reckon it'll be back above .03 just as it was before the appendix 3B came out.
I'm now starting to think this is the only reason the options price dropped and has been trading undervalued for the past several days.
Based on the turnover since it was issued, i'd expect it to gradually sneak back up over .03 over the next few days (or maybe more given the increase in SP - a very conservative valuation using the Black and Scholes method prices the options around .05 )
As soon as the rights issue shortfall shares have been worked...
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Last
1.7¢ |
Change
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Mkt cap ! $23.91M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 787386 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.7¢ | 2091039 | 3 |
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| Last trade - 10.19am 03/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.6¢ | 1.6¢ | 25000 | ||
| Last updated 10.12am 03/05/2024 ? | |||||
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