Australia's largest stock trading and investment forum Australia's #1 stock forum

ASN

Click for more information

1.28%

7.7¢ anson resources limited

Ann: Trading Halt, page-50

First 50 Last

Share
Profile

Follow
1sharetrader1

10,654 Posts.

2101

10/09/21

12:04

Post #: 55970342
Share

Originally posted by Access2020 ↑

I’m bidding in the book build - lots of upside here. Great structure too to avoid flippers.

Raising $7.35m at 9.1c for WC, exploration, battery test work. So a pretty small raise.

The smart part of the structure is that there is a 1 for 10 option to ALL shareholders at the record date of 24th Sep.

That means if you sell your shares before then you don’t get the options or alternatively if you buy shares post the trading halt being lifted you will get the options - hopefully that helps the post market.

Options have a 9.1c strike and super short expiry of 23/10/21. If you exercise your options you will receive another option with a strike of 20c. Expiry is around 2 years and the options will be listed.

Very clever structure so well don’t to the bankers on this one.

Lots of near term catalysts too. GLTAH

Expand

I will be selling the 9.1 cent option if it is listed for a few weeks, as the cost for me to exercise them would wipe me out of cash, and cash is king in a uncertain world at the moment.
Most longs are already heavily exposed with our investment in this stock.

ASN Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

QML

QMines jumps +4.6% on drill hits boasting high copper grades

SKC

SkyCity jumps 2% after copping A$3.6M fine from NZ High Court – far below AUSTRAC's fine

QXR

QX Resources increases US lithium footprint with key agreements

LGM

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

There are more pages in this discussion • 139 more messages in this thread...

First 50 Last

Add ASN (ASX) to my watchlist

(20min delay)
Last 7.7¢		Change -0.001(1.28%)		Mkt cap ! $99.49M

Open	High	Low	Value	Volume
7.7¢	7.8¢	7.3¢	$489.5K	6.450M

Buyers (Bids)

No.	Vol.	Price($)
3	65019	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	26225	1

View Market Depth

No.	Vol.	Price($)
1	12658	0.079
2	13192	0.078
3	162410	0.077
4	199754	0.076
5	289057	0.075

Price($)	Vol.	No.
0.078	41442	3
0.079	304462	4
0.080	768000	5
0.081	926780	4
0.082	300000	1

Last trade - 16.10pm 26/09/2024 (20 minute delay)

ASN (ASX) Chart