FRER's should now be finished trading (as per prospectus)
-13million in total traded VWAP approx 0.004cps
-equal 1.4cps upon exercise
-can only assume the other 90% holders of the rights will be exercising (otherwise they would have sold via FRER today)
All in all - a bullish issue imo
Will be interested to see what shortfall Custodial manage to secure. Im tipping them to put a rocket under the sp STARTING TOMORROW to get the conversion money through the door.
Cheers,
The Sparkler
Add to My Watchlist
What is My Watchlist?