Not sure why they hid the SP hurdles in the footnotes. So a lot of the cash is riding on 'forces' working in their favour for the targets to be achieved. Could be a stretch, but it is on a sliding scale with the SP based on a 20day VWAP so providing the SP doesn't completely tank there should be some form of return - if all goes ahead as planned.
1. C$12.5M cash as per foot note 3, 4, C$20M equity based on 25M shares of 65.45M total shares on issue, C$25M capital raising at IPO of C80c per share.
2. Targeted C$25M capital raising at IPO of C80c per share
3. 12 months from IPO (assuming $0.80 IPO):
if KML share price <$0.40; MCT does not receive this cash component
If KML share price is $0.40; MCT receives C$1m cash If KML share price is $0.80; MCT receives C$3m
If KML share price >$1.60; MCT receives C$5m
If KML share price between $0.40 and $1.60; MCT receives cash on sliding scale (i.e. if KML share price is $1.00; MCT gets C$3.5m)
4. 24 months from IPO: (assuming $0.80 IPO):
if KML share price <$0.40; MCT does not receive this cash component
If KML share price is $0.40; MCT receives C$1m cash If KML share price is $0.80; MCT receives C$2m
If KML share price >$1.60; MCT receives C$3m
If KML share price between $0.40 and $1.60; MCT receives cash on sliding scale
Share price based on last 20 business days VWAP 1
Canadian Dollar = 1.02 Australian Dollars.
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $13.45M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.497K | 1.328M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 44786624 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 48561094 | 56 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 44786624 | 0.002 |
53 | 128495979 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 47361094 | 55 |
0.004 | 57860302 | 14 |
0.005 | 15192706 | 14 |
0.006 | 13470175 | 13 |
0.007 | 15050914 | 5 |
Last trade - 10.30am 26/07/2024 (20 minute delay) ? |
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