Ex entitlement to attached options, page-5

First 5 Last

Share
Profile

Follow
Xhosa12345

405 Posts.

131

15/03/22

13:04

Post #: 60199613
Share

Originally posted by sabine: ↑

I guess it depends on what the company does over;
1) The next few months?
2) The next two years?

I do not have enough shares here to bother with the raise and, in the current global climate, will take my chances on the price going back under 90c to buy a few more based on the fact that there are plenty out there who participate in all raises on a ‘cash cow’ basis.

But - theoretically - if I wanted to milk the raise and started with 12,000 shares (really it would be a multiple that made it worthwhile) , I would sell ‘the new’ 1,000 shares as soon as the next good news came in for at least a dollar - a fast 10% profit or more less tax.
I gather I am then left with 500 options that will cost me $1.20 if I want to convert them.
Obviously for this to be a total cash cow success I don’t want to leave the 500 shares sitting under a rock for two years;
I have paid those promisers at SMN good money for what is effectively a $9.2m shot in the arm
— To get them paid out for their loans (to the tune of $1.3m) (!! ??? )
— To pay for the costs of the offer ($80 grand?)
— To pay AEM debt and for new equipment it needs ($3.5m)
— And to follow through on commercialising the CVM tech it has launched this deal on to the tune of $3.9m.
— With $420,000 for general working capital.
And I am going to be watching the company and tapping my finger. I am not a benevolent daddy. I have other places to invest and I want to see the price over $1.20 in the next six months or I am going to think those options were just fairy dust.

SMN is taking it’s own directors off the hook by taking my money, its’ also refreshing AEM, giving itself $420,000 of working capital (how long will that last?)
……and it finally has a green light from the FAA with enough additional funding to exploit the opportunity.
Plus the hot shot new executive director with all the right connections!
If it cannot get the price well over $1.20 on the basis of all this in the next few quarters, then what the hell is going on?

cheers

Expand

Whole market stinks at the moment, far out.

I was going to participate but i''m 50/50 now to part with more cash, i dont care about the options as much- they need to come out with something compelling for me before the cutoff date or im gonna just cop the dilution....

imo
gltah.

SMN Price at posting: 89.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 50.5¢		Change -0.025(4.72%)		Mkt cap ! $77.97M

Open	High	Low	Value	Volume
53.0¢	55.0¢	50.5¢	$68.72K	128.0K

Buyers (Bids)

No.	Vol.	Price($)
1	9086	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	15000	1

View Market Depth

No.	Vol.	Price($)
1	9086	0.505
2	14476	0.500
1	1000	0.485
1	200	0.475
1	6000	0.470

Price($)	Vol.	No.
0.520	15000	1
0.545	18318	1
0.550	23077	2
0.585	12008	1
0.590	20000	1

Last trade - 16.10pm 18/07/2025 (20 minute delay)

SMN (ASX) Chart

Ex entitlement to attached options, page-5

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ex entitlement to attached options, page-5

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News