The extras are what the shareholders have applied for above their entitlements. There are 3 components of the CR.
1. Shareholder entitlements = about 19m shares to be issued.
2. Underwriter entitlements = about 16m shares to be issued.
3. Shortfall entitlements = about 23m shares available and if shareholders have applied for any above their initial entitlement then they will be issued from this stack. This is the extras I think aussiewebking is talking about.
I took up my entitlement and also applied for a parcel of the shortfall. This is a high risk high reward investment with a few cons, but plenty of pros. If the current SP holds in the near term then entitlement applicants are already in paper profit. Money for jam if the SP holds. That will depend on how many want to take the instant profit and also on pending announcements about things like production progress at Burbanks, exploration outcomes at Blue Vein, and news about lithium prospects around Mt Holland.
As I said.......... high risk............... high reward.
Cheers
KDR Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
