"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.
"Did MSB just tap the Kentgrove Facility?" No, they didn't. They...
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Last
$1.64 |
Change
-0.020(1.21%) |
Mkt cap ! $2.114B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.66 | $1.63 | $535.4K | 325.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 75577 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 12043 | 9 |
View Market Depth
| Last trade - 10.34am 14/07/2025 (20 minute delay) ? |
| MSB (ASX) Chart |