SVL

3.33%

15.5¢ silver mines limited

SVLR explained, page-2

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Mickeymouse

3,579 Posts.

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11/09/15

21:45

Post #: 15979655
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Originally posted by nugget_alex ↑

Recently you will have noticed SVLR appear in your trading account. SVLR represents the RIGHTS that will later enable you to buy new shares. As an SVL share holder you have the RIGHT to buy 4 new shares for each 1 you own. You will notice your account has 4 times as many SVLR RIGHTS as you own SVL shares. So you can decide to do 3 things with these rights:
1) Do nothing, as a result you will still own the same amount of SVL shares but you % of total shares will be diluted.

2) Take up the offer and buy all or part of the new shares on offer. You simply do this by making a payment via one of the payment options when you receive the letter in the mail. NOT BY BUYING SVLR in your trading account. If you take up the offer in full you own the same % in the company as you did before and do not get diluted.

3) Sell your RIGHTS to others on the ASX under the SVLR code. Yes, SVLR RIGHTS can be traded until Sept 28th. This is what has created the majority of confusion lately. Yes, you can sell your RIGHTS and make money, by doing so you are not selling SHARES as such just giving up your RIGHT to by shares to someone else so they can buy shares. Selling your RIGHTS for $$$ sounds easy but you will notice there are no bid offers in SVLR. Anyone, even non share holders can buy SVLR RIGHTS off you. But remember they are only buying the RIGHT off you, they will then have to BUY the shares too like everyone else for $0.001.

Once the rights issue is all settled you will notice your new SVL shares and SVLO appear in your account. This will represent the 2 options you now own for each 4 new shares you purchased. I'm happy to explain how options work but I'll leave that til a later date as this is probably enough to digest for your friday evening.

Cheers
Nug

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perfect clear explanation. thank you i understand and look forward to your options explanation. First time someone has ever spelt it out in an easy way to understand. cheers happy friday

Last edited by Mickeymouse: 11/09/15

SVL Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 15.5¢		Change 0.005(3.33%)		Mkt cap ! $233.7M

Open	High	Low	Value	Volume
15.0¢	15.5¢	15.0¢	$264.6K	1.755M

Buyers (Bids)

No.	Vol.	Price($)
6	150494	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	940938	10

View Market Depth

No.	Vol.	Price($)
4	93961	0.150
25	847741	0.145
37	2958932	0.140
33	1077466	0.135
19	443290	0.130

Price($)	Vol.	No.
0.155	877191	9
0.160	846786	14
0.165	930609	14
0.170	1128691	16
0.175	1208475	20

Last trade - 16.10pm 02/08/2024 (20 minute delay)

SVL (ASX) Chart

SVLR explained, page-2

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SVLR explained, page-2

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News