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Ann: Share Purchase Plan Booklet, page-51

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tanon

3,125 Posts.

89

21/09/20

15:33

Post #: 47508092
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Originally posted by Blue_Sky_Harvest: ↑
I estimate a scale back to 40% of what we apply for; Send in $30K; get $12K of ORE.

Reasons:
If 1,000 shareholders send in $30K then SPP is full.
But
There are 10,733 shareholders
The average application will probably be $20K
Only about 60% of shareholders will apply
The oversubscribed SPP will probably accept extra - say $45M instead of $30M
So
10,733 X 60% X $20,000 = about $120M sent in for $45M = about 60% refunded.

Shareholder Distribution
About the Data

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over Total Shareholders
No. of Shareholders 4,149 4,302 1,218 974 90 10,733
Expand
Ok, it was just a sort of typo mixo thing...

ORE Price at posting: $2.83 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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