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%)
Cheers all DYOR and GLTAH.
EGA Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
