BMN did this back in 2022, issuing a lot more shares than originally planned.
How they framed it was basically if you had a holding much larger than the amount applied for you got full amount, if your holding was less than or a little above what you applied for you were scaled back.
While it will be disappointing to be scaled back with the price now at a premium to the offer price, could have bought shares under the issue price in the days following the announcement of the placement and there is a fair chance that we trade under the offer price again at some stage over the next 12 months if patient enough to wait for the inevitable dip.
BMN did this back in 2022, issuing a lot more shares than...
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Last
$1.64 |
Change
-0.005(0.30%) |
Mkt cap ! $1.589B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.62 | $3.867M | 2.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44164 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 79805 | 4 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$1.65 |
Change
-0.005 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $1.70 | $1.70 | $1.63 | 626291 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| DYL (ASX) Chart |