"2. UCL have not disclosed the deal with the new investor but for me (see UCL thread), it will be 1 billion shares at 0.4 cents a share."
Vayama, UCL may not have disclosed the issue price, but they have disclosed it is an underwritten RIGHTS issue, not an issue to a new investor. Therefore it will not be dilutive to holders who take up their right.
For those who have been commenting on the UCL/BON sovereign risk issue - Namibia is ranked in the top ten least risky places in the world so it's not really seen as much more risky than Australia - and given the way some state governments have jacked up mining royalties in recent times I wouldn't be surprised to see Australia drop in the next survey. Also, I'm not sure why a MAK holder who seems to be championing the BON takeover by MAK would be making an issue over sovereign risk - sovereign risk (if it exists) won't suddenly go away if MAK's takeover is successful.
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1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $37.85M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $176.1K | 12.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 9364967 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1843880 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 9364967 | 0.014 |
5 | 1465384 | 0.013 |
4 | 348337 | 0.012 |
9 | 4196271 | 0.011 |
7 | 6915002 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1743880 | 4 |
0.016 | 11092741 | 13 |
0.017 | 1600000 | 5 |
0.018 | 4276323 | 3 |
0.019 | 2594695 | 5 |
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