IGR 0.00% 50.0¢ integra mining limited

impact of today's placement announcement, page-25

  1. 24,765 Posts.
    Rabbitoh, what you have posted is illogical. It is mathematically FALSE.

    I posted:

    "Anyone who doesn't like being diluted has the option to top up on market at the current price of 50.5 cents and for every 100,000 shares add about 10,000 shares to avoid that dilution."

    You replied; ###

    "It doesnt matter how many more you buy, your share of the venture has been diluted..."

    =======

    What is going on? What is going on?

    I made a very simple, basic point that if you top up your holdings by adding the same percentage of shares to your holding that the company has placed at 48 cents then your holding will not be diluted.

    To post "It doesnt matter how many more you buy, your share of the venture has been diluted..." is logically incorrect, is mathematically incorrect.

    Maybe you misunderstood me?
 
watchlist Created with Sketch. Add IGR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.