To be fair, when funds or indeed individual investors have a set allocation in each equity for their weighting, it is usual practice to sell your shares at the current higher levels to then exercise warrants or options, bank the difference and then hold the same amount of equities in the business with a tidy profit and reduced risk.
Having said that, if the underlying instrument (in this case Gold) continues to run, then they might maintain their holding, seek an overweight position by exercising the warrants or options and therefore increase their holding.
IMO DYOR
Gold sector heating up, page-68
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Last
$2.68 |
Change
0.010(0.37%) |
Mkt cap ! $3.619B | |||
| Open | High | Low | Value | Volume |
| $2.69 | $2.72 | $2.68 | $6.732M | 2.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 51326 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 321210 | 9 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |
