Possibly they just want a risk-free trade. Who wouldn't?
SRZ mgmt gave them a 35% discount on the placement, plus another 7% (iirc) of total CR proceeds. That basically de-risks everything for TC. They can dump everything at 2.3 - 2.4 if they want, and still pocket several hundred thousand dollars in easy, virtually risk-free profit. Not bad
I wish SRZ had shopped around for a broker offering better terms. I also wish they offered existing shareholders an opportunity to participate (I suspect they could have raised a half million dollars this way, probably at a much higher price)
It was a very bad, lazy, harmful raise. Yet received strong support from the share registry.
- Forums
- ASX - By Stock
- SRZ
- can someone explain plz
can someone explain plz, page-5
Featured News
Add SRZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.7¢ |
Change
0.001(3.03%) |
Mkt cap ! $35.35M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $9.612K | 565.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 878846 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 878846 | 0.017 |
4 | 1151834 | 0.015 |
6 | 1453542 | 0.014 |
2 | 933931 | 0.013 |
3 | 1097795 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 200000 | 1 |
0.019 | 1508736 | 4 |
0.020 | 2312029 | 3 |
0.021 | 316374 | 1 |
0.022 | 200000 | 1 |
Last trade - 14.56pm 13/09/2024 (20 minute delay) ? |
Featured News
SRZ (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online