Ya saw PMH on the Opus Prime list - would be good to hear what the exposure is but hopefully this is largely it - was out and about today so didn't see the full course of trades but was interested to see that alot of that volume in the late afternoon looks bundled - so hopefully someone's coming up with a solid holding at current price which is neat.
Think we have seen some converted options selling in recent weeks.. some of those options holders are holding from 1c, so conversion price of .082 gives a locked in two bagger at today's price - with an opportunity for what looks like a cheap buy in on fully paid shares right now pending ongoing resource confirmations. I'm thinking if I had options at that price, in current market, I would likely have dreamed up a similar strategy to lock in some profit. But I'm still holding.
Given that the options issue will now be cleared in the coming days, hopefully we will see some recovery to SP, assuming there is no further OP exposure.
Cheers, Donna
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
