A corporate advisor, and Merchant, is not appointed to give your investor relations service. Think of them as advisors to the board in case the company gets M&A offers, and to help the board in setting up the firm for such M&A ain the future, and if need be advise on structuring any funding arrangements etc.,.
By giving options the company is not giving away equity. They are making Merchant pay 6c for converting the option to a share and that will bring in $3Mn to the company when do convert. The options were out of the money at the time of announcement.
Merchant will provide a service and are not getting freebies. If they wanted they could have bought the shares on market. And they could drivie down the price to get their fill.
AIMO. DYOR.
- Forums
- ASX - By Stock
- NTI
- Ann: Appointment of Corporate Advisor
Ann: Appointment of Corporate Advisor, page-9
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NTI (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.2¢ |
Change
0.004(8.33%) |
Mkt cap ! $50.69M |
Open | High | Low | Value | Volume |
4.9¢ | 5.2¢ | 4.9¢ | $31.96K | 630.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 220673 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 36770 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13230 | 0.052 |
3 | 220673 | 0.051 |
3 | 1600000 | 0.050 |
5 | 544946 | 0.048 |
5 | 1220489 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 80000 | 1 |
0.054 | 63420 | 1 |
0.055 | 26388 | 1 |
0.056 | 95800 | 1 |
0.058 | 50000 | 1 |
Last trade - 13.09pm 17/10/2024 (20 minute delay) ? |
Featured News
NTI (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online