Dentie , I didn't study it - rather just had a cursory view . it looked to me when they last raised capital for their feasibility , they issued x million shares at 30 cents , but also same amount of options to the private placement . This meant the capital provider could sell there shares below 30 cents , so their free exercise options might only owe them say max 5 cents each . Have a look yourself , just another way of getting the capital they need at a vastly different terms to bunny shareholders - which I didn't think was permissible under ASX rules . But that's the sort of things that go on with start-ups. Possibly a case of the ends justifies the means . They look like experienced operators to me . But small shareholders interests are often not first consideration. potentially the rewards on these start-ups are significant as is the risk . Hopefully it's such a good project "on paper" the overhang will wash outsoon enough. Hey there are smarter people to me on these forums - try to work it out yourself by rereading the releases as this is only my view
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1.5¢ |
Change
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Mkt cap ! $7.949M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 350000 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 350000 | 0.014 |
1 | 500000 | 0.013 |
2 | 550000 | 0.012 |
1 | 100000 | 0.011 |
2 | 200000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 300000 | 1 |
0.017 | 1057573 | 4 |
0.019 | 1118750 | 2 |
0.020 | 626000 | 2 |
0.021 | 2300000 | 3 |
Last trade - 16.12pm 05/09/2024 (20 minute delay) ? |
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