I think your all missing the point with the options. Platinum Road has been given the task of running the option conversion program. They buy them ON MARKET , so it is in their interest to push the price down so that the cost price plus conversion price does not exceed what they then have to sell the heads for plus their point or two profit.
Eg OA cost .016 plus conversion of .09 = .025 plus margin of what ever they can get.
I believe they are the ones pushing hard to get people to offload their options.
I think your all missing the point with the options. Platinum...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $55 | 19.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 27047824 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10269677 | 18 |
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| Last trade - 14.59pm 29/08/2024 (20 minute delay) ? |
| ECT (ASX) Chart |