Like I said - there are a few "ifs" in the equation
but it all comes down to how much faith they have in what is ahead of them
to buy the amount of shares - 6,750,000 - that are on offer would take the SP to substantial levels well above the 10c mark so I think the option conversion is probably a cheaper option in terms of outlay
If they are confident of the NAG path (which I reckon they are) they will convert
I would personally rather see them buy these shares on the market and watch the SP take off again
We'll all know next week
PS - a few years ago a similar situation occurred where the SP was much lower than the option conversion rate - and they all converted
Australian Gold Mines, page-26
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2.1¢ |
Change
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Mkt cap ! $15.93M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.0¢ | $7.805K | 363.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1044642 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 247500 | 1 |
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| Last trade - 11.18am 28/11/2024 (20 minute delay) ? |
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