I have gone the opposite and voted in favour of the issue of the shares and options. My reasoning is as follows -
1. The issue of shares is in lieu of payment of Directors fees. If we don't give them the shares we will have to part with approx. $227.8k in cash.
2. The issue of options is subject to achieving certain milestones. The exercise price of the options is 167% of the issue price which is the 5 day VWAP prior to issue. If we use Friday's closing price of 6.3cents as an issue price then the exercise price is approx. 10.5 cents. This is surely an incentive to the Directors and Management to add value for all shareholders. If they don't then their options are worthless.
Have I got it wrong?
- Forums
- ASX - By Stock
- AVR
- Ann: Appendix 4C - quarterly
Ann: Appendix 4C - quarterly, page-101
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$11.50 |
Change
0.070(0.61%) |
Mkt cap ! $243.1M |
Open | High | Low | Value | Volume |
$11.45 | $11.50 | $11.32 | $90.21K | 7.885K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 53 | $11.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.50 | 2061 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53 | 11.260 |
2 | 1711 | 11.250 |
1 | 885 | 11.230 |
1 | 2000 | 11.150 |
2 | 297 | 11.000 |
Price($) | Vol. | No. |
---|---|---|
11.500 | 2061 | 1 |
11.800 | 4634 | 1 |
11.830 | 500 | 1 |
11.850 | 164 | 1 |
11.900 | 1000 | 1 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online