Whilst the SP slightly going back up is great to see, until we see some large BUY orders on screen @7.3 - 7.5c (5,000,000 share parcels) or thereabouts, coaxing the option holders to sell into it and convert their options, these small rises on low volume won't sustain IMO.
If we are as close as what we potentially think we are, it would be great to see large buyers stacking up on screen. The more option holders that convert prior to any ML being issued (If needing to sell the heads to convert), the less selling resistance we will see post ML being announced. And the sooner their 12 month hold, for 1/2 CGT discounts kick in. (Think about it )
With just over 15 weeks left to convert, I'd love to see most if not all the options out of the way, prior to the ML being issued.
From the Half Year Accounts:
From the 1st March 2024, as announced in the Notice 2A: There was approx 106 Million, 7c options expiring on the 10th August 2024.
Peace Fishies
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Mkt cap ! $96.20M |
Open | High | Low | Value | Volume |
7.0¢ | 7.1¢ | 6.9¢ | $41.27K | 590.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 112605 | 6.9¢ |
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Price($) | Vol. | No. |
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7.0¢ | 69452 | 1 |
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4 | 112605 | 0.069 |
1 | 150000 | 0.067 |
1 | 295276 | 0.066 |
1 | 200000 | 0.065 |
1 | 49195 | 0.061 |
Price($) | Vol. | No. |
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0.070 | 69452 | 1 |
0.071 | 95813 | 2 |
0.072 | 251112 | 2 |
0.078 | 260000 | 4 |
0.079 | 465000 | 1 |
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