"Did MSB just tap the Kentgrove Facility?"
No, they didn't.
They are just issuing 2m shares and 1.5m inventive rights (i.e., options with a $2.22 exercise price) to Kentgrove as part of the 2016 facility agreement (i.e. for having Kentgrove on standby).
While Kentgrove will certainly take up the 2m shares, I expect the out-of-the-money options will expire.
Still, 2m shares for doing nothing expect sitting by the phone waiting for MSB to call.
Not bad money if you can get it.
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Last
$1.67 |
Change
0.015(0.91%) |
Mkt cap ! $2.133B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.67 | $1.63 | $3.655M | 2.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48000 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 98565 | 7 |
View Market Depth
| Last trade - 16.10pm 14/07/2025 (20 minute delay) ? |
| MSB (ASX) Chart |