The 4.96% held by Directors will be diluted by about one third due to the CR & SPP shares. Remember, they can only subscribe for $15k worth just like the rest of us. That's a maximum of 166,666 shares. IMO, they should be supporting the company 100% and buying their full allotment. I wouldn't be happy with anything less.
Of greater concern is that the Top 20 only holds 22.31% of the company. This is a woefully low number and but unfortunately there's not much Management can do about it other than to press on drill.
Top 20 share holders, page-6
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.3¢ | $123.2K | 1.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 210 | 13191590 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 663879 | 22 |
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| CXO (ASX) Chart |