The options weren't actually exercised, in that they sold them back to the company $17 million worth give or take - these options they never purchased no doubt, but were granted as part of bonus earnings I suppose a while back. So they sold them to KGN and how was the $$value of these options determined at selling to KGN? I don't think there has been too much transparencty here, just b.s. about avoiding dilution of shares etc.. they have a way of pussyfooting around reality that never quite rings true. Regardless I don't think KGN is doomed but will bounce back ... that's a lot of cash gone from the reserves why wasn't that explained in the announcement
The options weren't actually exercised, in that they sold them...
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Last
$4.42 |
Change
0.000(0.00%) |
Mkt cap ! $443.6M | |||
| Open | High | Low | Value | Volume |
| $4.40 | $4.49 | $4.38 | $828.7K | 186.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 5408 | $4.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.42 | 1022 | 11 |
View Market Depth
| Last trade - 14.00pm 12/06/2024 (20 minute delay) ? |
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Last
$4.44 |
Change
0.000 ( 0.25 %) |
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| Open | High | Low | Volume | ||
| $4.41 | $4.48 | $4.40 | 55118 | ||
| Last updated 14.18pm 12/06/2024 ? | |||||
| KGN (ASX) Chart |