New to LPE, and started to do a bit of research. I was wondering if anyone has thoughts on the options that expiry 30/06/2017:
105, 000, 000 options @ 2.5c (escrow until Jan 2018)
If they are not exercised then the value is lost, but to exercise would cost $2.625m. If they were exercised the company would be further diluted but get more money in the coffers.
It may be the play of whoever has control (recnt insto CR), that they don't get exercised, hence the reason why the price is failing the break above 2.5c. This is obviously just a theory, but if it is a factor, then June 30th isn't long to wait to confirm. I see it as a win win:
If exercised then money in the bank (EV should still be the same)
If not, then no further dilution, and we can move on
New to LPE, and started to do a bit of research. I was wondering...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $15.5K | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 272931 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 81644 | 3 |
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| Last trade - 10.37am 04/12/2024 (20 minute delay) ? |
| LPE (ASX) Chart |
