Jem the auction period told the story with accumulation of options at .001 and the heads price held down to achieve this. Afterall it was the last day the options traded and this guaranteed that the jackals would be circling.
The company is interested in getting as many exercised as possible and its logical for them to think that any holders who didn't jump out today would be able to exercise by say next Wed (allowing for postage etc). So the company still has a strong chance of getting a large volume over the line. The issue here though is that many were burnt by trying to trade options (me included). Best call at the moment is the heads will fly.
Jem the auction period told the story with accumulation of...
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Last
87.0¢ |
Change
-0.010(1.14%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 87.5¢ | 87.0¢ | $3.589K | 4.103K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1795 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 20000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |