The price slump near today's close opens up a concerning possibility. With the options being unlisted, and therefore effectively unsaleable, there is now a risk of the CR failing, should the price drop by another five cents or so.
Would the cost of seeking listing of the options have been so great as to make it not worthwhile?
Is it still possible to amend the issue prospectus, so as to make the options tradeable, and thereby provide an additional cushion against the risk of the price falling below the $0.90 CR price?
Ann: 1 for 12 CDI Entitlement Offer with free attaching Options, page-24
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Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $54.03M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.5¢ | 39.0¢ | $18.06K | 45.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 843 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 13.25pm 14/06/2024 (20 minute delay) ? |
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Last
40.0¢ |
Change
0.005 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 40.0¢ | 39.5¢ | 5891 | ||
| Last updated 13.25pm 14/06/2024 ? | |||||
| SMN (ASX) Chart |