RHM 0.00% 30.5¢ richmond mining limited

Ann: Placement of 3.5 million shares , page-8

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  1. 12,407 Posts.
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    hiten

    why would option holders be ripping their hair out when the options are already in the money?

    the reality is, very little volume has being going through on the heads for quite some time now. more oppies are being exercised, and more 38c shares are being purchased, than heads are being traded.

    this suggests one thing - that trading in RHM has gone off screen. people are either buying heads at whatever price they paid for the oppies+exercise, or else at 38c in placement.

    the on market selling pressure hardly comes close to this off screen buying. once this process is complete, buyers will be forced to return to at market for trading
 
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Currently unlisted public company.

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