Have you received instructions on how to proceed in the future if you want to convert the options into shares? Or does each of us have to contact them individually to get personalized information?
Have you received instructions on how to proceed in the future if you want to convert the options into shares? Or does each of us have to contact them individually to get personalized information?
I have got (per snail mail) a very minimal description. Likey if I didn't know what options are, I would not have understood that language. It didn't explain anything. They in principle informed me about the options, and that it could be a taxable event to use them. Nothing more. I will have to call them in order to exercise these things. Last time I gambled options, there were no 'option' to actually use them, only to sell them like any tradable asset.
Who knows the market plumbing of index rebalancing? There must be some low liquidity stocks left with a balance of shares that couldn't be sold before the end of the rebalance. In closing auction index funds have to have exited entirely from the account connected to the respective funds, so if a large volume is left over, these will need to be sold in the following days (after being transferred to different accounts or market makers). My gut feel is that the last few days of high volume has cleared that process, so no more selling pressure from index funds. Plus much reduced borrow available now.
Might be some light at the end of the tunnel here for holders. I'm waiting on more of a catalyst before I move in again. Still v concerned about anode prices.
The market knows we've slipped out of the asx300, shares have been sold off, we're still in an ongoing financially risky situation with no SC news, probably also a few stop-loses being triggered.
All seems quite obvious really as to why our price is not increasing.
The market knows we've slipped out of the asx300, shares have been sold off, we're still in an ongoing financially risky situation with no SC news, probably also a few stop-loses being triggered.
All seems quite obvious really as to why our price is not increasing.