It's not a line of credit....To simplify - The LDA put option agreement is a mechanism for BRN to be able to legally sell their own shares to raise capital. LDA receive BRN stock under the 15% placement capacity under Listing Rule 7.1 for zero consideration and then manage the sale of those shares on market to raise the capital BRN requires. LDA receive a fee and have negotiated options as remuneration.
It's not a line of credit....To simplify - The LDA put option...
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Last
23.0¢ |
Change
-0.025(9.80%) |
Mkt cap ! $451.3M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.5¢ | 22.0¢ | $3.918M | 16.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 658476 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 112520 | 8 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |