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I would say those that sold at 13c to participate in the spp has...

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Dazza1234

2,487 Posts.

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12/02/19

18:01

Post #: 37413989
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Originally posted by timbin4 ↑

Thanks, but I was refering to 'shareholders'. Not to worry I found some figures from the 2018 Annual Report that gives a basic indication.

And I've just done some calc's from that. See below.

Looking at the registry this SPP is going to be 'massively' oversubscribed and will have to be hugely scaled back.
As if the register (number of shareholders) was roughly what it was in Sep 2018 then it would only take 2.56% of shareholders to take up their full entitlement ($15k) for the SPP to be fully subscribed to raise $5mil..... only 2.56%!

Even if you get conserative and say the registery has dropped to 10,000 shareholders and you say the company was to accept twice the amount (eg; raise $10mil) from retailers...... well then it would still only take 6.67% of holders to take up their full entitlement to raise the $10mil.

Conclusion: Hold onto your shares, as you won't get many more from the SPP

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I would say those that sold at 13c to participate in the spp has ended. Won't see that price again.

AJM Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $18.53M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$144	48K

Buyers (Bids)

No.	Vol.	Price($)
62	42431819	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	30365172	86

View Market Depth

No.	Vol.	Price($)
62	42431819	0.003
33	49636059	0.002
23	157966682	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	30365172	86
0.005	20839207	17
0.006	4886193	9
0.007	14264656	11
0.008	19567650	8

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