"Week Nine: (last full week of September) Winsome exercises the Renard option. They raised the last stack of cash of A$11.8m at 85 cents a pop so if the share price at the end of September is lower than 85 cents they may well make the initial down payment of C$15m mostly in cash whereas if the share price at the end of September is much higher than 85 cents they might use more scrip. "
Absolute worst scenario with SP this low, exercising Renard is effectively giving away Adina away to Renard vendors.
Total screw up or planned by management to precipitate sp fall from raising at 85c
Looks like it will be exercised at 50c or so , a total disaster of dilution for holders.
The very holders and sings the praises of the cock up of so called management. LMAO
Asx bag holder pre-requisites is to be blind as a bat.
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Last
53.0¢ |
Change
0.020(3.92%) |
Mkt cap ! $114.6M |
Open | High | Low | Value | Volume |
52.5¢ | 53.0¢ | 50.0¢ | $248.8K | 482.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17560 | 52.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 7263 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.515 |
2 | 101500 | 0.510 |
1 | 22685 | 0.505 |
2 | 35000 | 0.495 |
8 | 92477 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.545 | 17000 | 2 |
0.570 | 19105 | 2 |
0.585 | 20000 | 1 |
0.595 | 10000 | 1 |
0.600 | 20000 | 1 |
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