Is the rights issue still on a 1 for 6 basis which would theoretically raise about $14.8 million.
A 1 for 8 would raise about $11 million.
I presume that they have estimated that not all shareholders will take up the rights.
On a 1 for 6 basis I now have to come up with $41,610 in lieu of the $35,340 when at 62c for the same number of shares.
The announcement of Reveley stepping down & replaced by McLarty was posted while I was busy composing my earlier post.
Ann: Company Update & Capital Raising, page-25
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Last
58.5¢ |
Change
0.010(1.74%) |
Mkt cap ! $80.35M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.0¢ | 56.5¢ | $34.62K | 60.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 2178 | 2 |
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| Last trade - 15.48pm 19/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |