So, if the transaction gets the SH approval, 85% of initial $53.6M will be paid out to shareholders which is $45.56M. We have 188,954,590 number of shares which means a cash payment of $0.24 per shares. This is my understanding and I think this is not bad given that this is just initial payment and there will options for more payment in near future.
Ann: Update on Offer Received from Trans Metal Fund LP, page-2
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Last
20.5¢ |
Change
0.020(10.8%) |
Mkt cap ! $38.73M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 22.0¢ | 19.5¢ | $51.99K | 249.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95239 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 62553 | 4 |
View Market Depth
| Last trade - 15.06pm 30/04/2024 (20 minute delay) ? |
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Last
20.5¢ |
Change
0.020 ( 10.5 %) |
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| Open | High | Low | Volume | ||
| 19.5¢ | 22.0¢ | 19.5¢ | 106059 | ||
| Last updated 15.06pm 30/04/2024 ? | |||||
| MTC (ASX) Chart |