Australia's largest stock trading and investment forum Australia's #1 stock forum

ASN

Click for more information

1.49%

6.8¢ anson resources limited

Ann: Trading Halt, page-50

First 50 Last

Share
Profile

Follow
1sharetrader1

10,912 Posts.

2115

10/09/21

12:04

Post #: 55970342
Share

Originally posted by Access2020 ↑

I’m bidding in the book build - lots of upside here. Great structure too to avoid flippers.

Raising $7.35m at 9.1c for WC, exploration, battery test work. So a pretty small raise.

The smart part of the structure is that there is a 1 for 10 option to ALL shareholders at the record date of 24th Sep.

That means if you sell your shares before then you don’t get the options or alternatively if you buy shares post the trading halt being lifted you will get the options - hopefully that helps the post market.

Options have a 9.1c strike and super short expiry of 23/10/21. If you exercise your options you will receive another option with a strike of 20c. Expiry is around 2 years and the options will be listed.

Very clever structure so well don’t to the bankers on this one.

Lots of near term catalysts too. GLTAH

Expand

I will be selling the 9.1 cent option if it is listed for a few weeks, as the cost for me to exercise them would wipe me out of cash, and cash is king in a uncertain world at the moment.
Most longs are already heavily exposed with our investment in this stock.

ASN Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

There are more pages in this discussion • 139 more messages in this thread...

First 50 Last

Add ASN (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $94.15M

Open	High	Low	Value	Volume
6.8¢	6.9¢	6.6¢	$206.7K	3.058M

Buyers (Bids)

No.	Vol.	Price($)
1	5	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	107185	2

View Market Depth

No.	Vol.	Price($)
1	5	0.068
3	172816	0.067
2	505723	0.066
4	163399	0.065
2	120000	0.064

Price($)	Vol.	No.
0.069	107185	2
0.070	243442	4
0.071	3000	1
0.072	57234	2
0.073	37777	2

Last trade - 16.10pm 13/11/2024 (20 minute delay)

ASN (ASX) Chart