Don't forget when CPS stumped up for the placement at 1.2c they got free options as well so you can say they have extra value of .02 to .03 right now and if they keep them into the future they can make money that way.
So when they sell into any news they are not selling below placement price as you may think.
If some punters would of taken up to $300k for example themselves and have been selling over the last month or so (which looks obvious they have) then they keep their options for the upside free carried.
This does not help us right now but a lot of these guys associated with brokers want quick turnaround so they can get on the next big placement.
Today's confirmation announcement plus the increase in tenements with the huge resource attached puts SRN in the top 3 tier of Australian Vanadium plays. I would not let the guys selling make you doubt how good and undervalued the assets SRN have.
Don't forget when CPS stumped up for the placement at 1.2c they...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.91M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $9.73K | 3.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 32652111 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16596053 | 14 |
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| Last trade - 15.57pm 22/11/2024 (20 minute delay) ? |
| SRN (ASX) Chart |
