This was in Street Talk.
"The offer was priced at 1.6¢ a share, a 20 per cent discount to the last close, according to the term sheet sent to potential investors. It included a one-for-one free attaching option with a 3.2¢ strike price and two-year expiry. It was targeting a $2 million minimum, going up to $4.3 million."
I don't know how they went with this offer.
The SP could go either way on this. Paying of the $5mil loan is a good thing and a big saving on interest in the future. Annoyance by holders could have it go the other way.
GLTAH DYOR
Ann: Trading Halt, page-50
Add JAT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
75.5¢ |
Change
-0.020(2.58%) |
Mkt cap ! $62.86M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 77.5¢ | 75.5¢ | $15.57K | 20.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42442 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 16544 | 1 |
View Market Depth
| Last trade - 15.41pm 19/07/2024 (20 minute delay) ? |
| JAT (ASX) Chart |