EGA 0.00% 28.5¢ egan street resources limited

Ann: Notification of Expiry of Listed Options, page-8

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  1. 278 Posts.
    lightbulb Created with Sketch. 73
    The options represent a 14% discount to market price @ 29c to raise ~12m.

    I think that is a pretty good deal. Technical obviously hinting at accumulation with an ascending channel. Any good hits and it wouldn't take much for one big buyer to soak up any loose shares.

    I guess it really comes down to who the majority of these option holders are and whether they would want to sell for a 14% profit @ 29-30?..I know Lion Selection owns approximately 7.7m (16%)
    ASX LION OPTION.png
    Cheers all DYOR and GLTAH.
 
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