Got to shake my head when I saw the Listed Options $0.05 Expiring 1 July 2018 hit a new year low yesterday. The market must be assuming we have no chance of cracking 5 cents in just over 16 months. How does this make sense?
I note that these are fairly tightly held and management also hold a large number (going back to the original re-capitalisation). Therefore IMO management would see these as an ideal funding base ($4m) and would be fairly keen to get them in the money before that time - right?
IVO Price at posting:
2.0¢ Sentiment: None Disclosure: Held