Hypothesis: buy through to options being in the money. It isn't that significant an ask.
Rationale: 9-10 AQDOA holders have a significant AQDOA holdings of 2Mn+. JPM Nominees has 10.2Mn; Jetosea Pty Ltd ~5mN, Buckland Capital 4Mn, Exploration Capital Partners 3.5Mn, BNP Paribas Nominees 2.5Mn as examples.
Chi-X + ASX trail to 3.5c is ~$70k or ~3Mn shares (see below). No asks on Chi-X for some reason - despite trades today.
If one of the large holders wanted to really increase their stake over a very short time period by cashing in in the money opportunities, this would be a finger-licking-good way. Heck, if I had 4-10Mn I'd be getting excited at the thought at increasing % held.
Asks:
Column 1
Column 2
Column 3
0
Price
Volume
Dollars
1
2
174999
$3,500
2
2.1
330000
$6,930
3
2.2
604471
$13,298
4
2.3
100000
$2,300
5
2.4
880951
$21,143
6
2.5
299142
$7,479
7
2.6
300000
$7,800
8
2.7
30000
$810
9
3
50000
$1,500
10
3.3
40000
$1,320
11
3.7
114000
$0.04
12
2,923,563
$66,080
AQD Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
