The number of options traded seems rather large. Yesterday's and...

The number of options traded seems rather large. Yesterday's and today's sales total well over 5M. The recent SPP was to raise $1M only with a 1 for 3 bonus option so that at most 1.59 M options were issued on 2 March. Hard to tell how many sellers as these options were to commence trading 10 March but the parcels were all in large dollops. (I haven't even received a holding notification yet.)

At the Rights Issue of May 2010 24.499 M options were issued. It looks as if the holders waited for the confirmation of 2 March (had to hold shares till 28 Feb) before selling accumulations from both fund raisings. But only a limited number of persons actually held the individual quantities (>400 000 blocks) sold these two days. They include the four directors plus 6 major holders. Why would they sell? Capital gains tax would also have to be paid.

Did you buy them all today Boxhillnorth?

Juke