Yeah very interesting. From what I can tell they are going to receive shares based on a price of 30c? But then they get a % extra on total spent (i.e. $5.3m worth for $5m). Does this mean they are effectively paying 28c a share?
If so, I think these are very good terms for the company given today's share price. Although a little sad that it's being done before a gerdau announcent is made, maybe indicating it's not happening any time soon...
Ann: Institutional Placement to Underwrite Growth Strategy, page-3
Add FGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $34.28M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.0¢ | $13.36K | 259.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179901 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 188228 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
5.2¢ |
Change
-0.001 ( 1.70 %) |
||||
| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.0¢ | 384091 | ||
| Last updated 14.36pm 14/06/2024 ? | |||||
| FGR (ASX) Chart |