Look , its an SPP!!! Not a Rights Issue or anything else!!
I would expect a low , say 20% uptake , so perhaps 1000 applications for an average $5k = $5m
The reason the applications will be so low is the shareprice is not high enough at this point to show a certain profit , and by the 19th Nov 400m odd new shares will be washing around the market putting further short-term pressure on the price (possibly back to 5.8c if mkts turn south).
Given that there are 4200 of the 5300 shareholder who hold less than 100,000 shares , I would guess the SPP would be offered in $3k , $5k and $10k bites.
I stand by my comments that you will 'get what you apply for'.
DYOR
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.19M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 266 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 3420 | 1 |
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| Last trade - 09.59am 18/07/2025 (20 minute delay) ? |
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