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
83.0¢ |
Change
0.010(1.22%) |
Mkt cap ! $916.8M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.5¢ | 82.0¢ | $3.833M | 4.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25650 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 194554 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SPR (ASX) Chart |