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

AZS

Click for more information

0.00%

$3.69 azure minerals limited

Ann: Completion and Results of Share Purchase Place, page-79

First 79 Last

Share
Profile

Follow
TheUnit

302 Posts.

77

16/09/23

20:39

Post #: 69887020
Share

Originally posted by AlphaDelta: ↑

You are well entitled to your opinion but the SPP was just the company's way of throwing a small bone to retail holders. Azure didn't need the money and they didn't have to offer anything. I believe some sophisticated participants in the placement phase were scaled back to as much as 6% of what they applied for. There was overwhelming demand, what do you want them to do about it? The SPP was always going to be heavily scaled back. Some holders I spoke to were expecting to get as little as 10% given the free swing that it amounted to. Sure, it would be nice to get more at a discount, but also be grateful for small mercies?

We all saw it trade as low as $2.45, at that moment for a 2.04% premium anyone could have purchased substantially close to 100% of what they wanted. Some chose to, some did not. Chalk it up to experience if you feel that you missed out.

Expand

Fair enough....I woulda bought more around that 2.45 mark recently but my spare change was a bit low. cheers.

AZS Price at posting: $2.84 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

First 79 Last

Add AZS (ASX) to my watchlist