Here are my calcs to answer that question - using my case of 100,000 shares in ASM - entitling me to 2500 shares now and another 2500 at $1.74 (or $1.50 in today's money at 5%)
I believe the ASM share price at the time the options vest (Oct 2027) needs to $3.60 or higher to warrant taking the entitlement shares now - as opposed to buying 2500 now and another 2500 on market at that time.
Hope my calcs are right - but for me ASM at $3.60 or higher by end of 2027 is a no brainer given the high probability IMO of Dubbo proceeding. So I am in!
Ann: Entitlement Offer open, page-23
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Last
54.5¢ |
Change
-0.025(4.39%) |
Mkt cap ! $98.81M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.0¢ | 54.0¢ | $93.62K | 170.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 699 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 2890 | 1 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| ASM (ASX) Chart |