AME 3.13% 3.1¢ alto metals limited

there is no shortfall placement yet, there is a rights issue,...

  1. 55 Posts.
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    there is no shortfall placement yet, there is a rights issue, under an accelerated timetable, that means that the large shareholders have taken up their entitlement, then all the other shareholders get their entitlement, with a couple of weeks to take it up, then if there is any shortfall, which is likely to be very small, that then gets placed.
    Its all set out in the announcement of 27 july with general entitlement closing 14 August.
    Remember that the top 20 own about 80% of the stock so there is unlikely to be much shortfall or free stock floating around.
    Sorry to be pedantic @Undaunted but so sick of misimformation being posted on hotcopper.
 
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