ICG

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0.5¢ inca minerals limited

Ann: Commencement of Rights Trading, page-22

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Mattminton79

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24/09/20

10:58

Post #: 47593298
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Originally posted by lumpsum: ↑

It's determined by the market, but if you look at it this way, each on entitles you to buy 1 share at 0.055. So if the Ice was trading at 0.065 then you would expect the price of the ICGRB to be around 0.01. This doesn't take into account the value of the options you also receive. Basically it's the same way options are valued by the market.

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Additionally when you buy the rights off another trader, you effectively pay them the rights price then your broker will apply the CR price point at the conclusion of the rights issue..

ie.. I ordered 559359 rights this morning at 003 so I pay 559359x003c to those I bought from...

then when the rights issue concludes, I also pay an additional 559359x5.5c to the company through the broker..

then I also pay my entitlement directly to the company

does that make sense?

ICG Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $4.078M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$539	107.8K

Buyers (Bids)

No.	Vol.	Price($)
4	1640161	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	2085339	5

View Market Depth

No.	Vol.	Price($)
4	1640161	0.005
9	3404194	0.004
13	19206780	0.003
4	4399980	0.002
3	6199950	0.001

Price($)	Vol.	No.
0.006	2085339	5
0.007	1447760	5
0.008	1450000	3
0.009	1033282	3
0.011	350000	1

Last trade - 12.28pm 01/11/2024 (20 minute delay)

ICG (ASX) Chart

Ann: Commencement of Rights Trading, page-22

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The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

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Ann: Commencement of Rights Trading, page-22

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