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Ann: Share Purchase Plan-OBL.AX, page-2

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  1. taximoney
    2,184 Posts.
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    07/09/16
    17:18
    Post #: 19000524
    Am I missing something here?

    The directors want to issue a share purchase plan at $0.008 per share, on the grounds that this is at a "premium" to the market price.

    The market price is $0.006 per share.

    Now normally when one talks about a share issue price being at a premium, he/she means that it is at a bargain price for the buyer, ie at less than the market price.

    Can someone put some sunlight on this situation.
    OBL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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