Australia's largest stock trading and investment forum Australia's #1 stock forum

KBL

Click for more information

0.00%

0.1¢ kbl mining limited

I'm confused..Please help..., page-30

First 30 Last

Share
Profile

Follow
Stevienix1

393 Posts.

31

31/08/16

20:17

Post #: 18837777
Share

Originally posted by TheSavage1 ↑

To me the formula reads as such:

You take the daily VWAP for the 15 days prior to conversion. You then select the lowest two. You then take the average of these two lowest VWAPs ("the average VWAP"). You then take 85% of the average VWAP and round down to the nearest .001 and this is your final price. However, if the average VWAP is less than .006 you take 80% of the average VWAP as your final price.

This matches with the examples given in the notice of GM.

This, unfortunately, means if the average VWAP is anything less than .0025 then the final price is .001. And to get the average VWAP down to .0025 it only has to be the two worst days in the prior 15 days having an average daily VWAP of .0025. Given the large volumes sold at .002 it seems entirely plausible that the issue at .001 was correct.

Expand

Exactly

KBL Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

There are more pages in this discussion • 11 more messages in this thread...

First 30 Last

Add KBL (ASX) to my watchlist

SPONSORED BY