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33.3%

0.4¢ antilles gold limited

Ann: Non Renounceable Entitlement Offer, page-42

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plough

34,361 Posts.

1937

17/06/24

14:47

Post #: 74352720
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Originally posted by stevenjd ↑

i reckon punters wouldnt have any trouble getting into part of the shortfall.

I would say the new option would trade say at 0.1c on the 0.4c, but 1 for 2. Makes it value at 0.05c
Makes the cost of the right at 0.4c, if you sold the option on market, to only 0.035c

If i took my rights up, my av would be 0.7c with the option value offset.

Which would be a bet stake on a company with say 2b shares of 14m to break even in my case, and trading at 8m mc. Thats not too far underwater to see some daylight.

Betting on the new options to come into the money is then at 20m mc, turn FD 25m mc.
That would be achievable, IMO come off take finance. And around where my break even is if i do nothing.

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this looks impecunious even with a donation from shareholders

AAU Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.4¢		Change 0.001(33.3%)		Mkt cap ! $7.422M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$173	47.08K

Buyers (Bids)

No.	Vol.	Price($)
74	59894789	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	13770470	9

View Market Depth

No.	Vol.	Price($)
72	59681731	0.003
43	66165069	0.002
16	66979950	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	13770470	9
0.005	16329453	16
0.006	8017660	10
0.007	14620314	9
0.008	16801000	8

Last trade - 16.10pm 05/11/2024 (20 minute delay)

AAU (ASX) Chart