Hi Sabine,
It is a bit confusing.
Firstly, there is a Placement of $47m ... we will likely hear tomorrow how that went.
Secondly, the NWH stake of 56.9m shares @ $0.58/share is worth ~$33m.
So I think the Entitlement has been structured to equal $33m ... 965m shares on issue / 17 * $0.58.
My view ... NWH does not want to be a 'kingmaker' by selling its shares to a potential bidder. Instead, it seems its shares will be distributed pro-rata across all existing Spartan shareholders. Not sure about the details.
Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor, page-53
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Last
92.0¢ |
Change
-0.015(1.60%) |
Mkt cap ! $1.016B | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 96.8¢ | 91.0¢ | $9.529M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10500 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 9696 | 1 |
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| SPR (ASX) Chart |