Who bought 20mil AGLSBF??

[#1]

This boggles the mind. Somebody bought 20mil AGLSBF warrants this morning (and somebody sold them??). Excluding fees that is R2,8mil @ 14c and that on a warrant that's fast approaching 90 days. Talking about big ..... Why not rather buy the underlying share (for that size investment) or am I missing something?

[SimonPB]

seller was almost certainly the issuer .. an you're missing the gearing, be that good or bad ..