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...
Add BRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.3¢ |
Change
-0.003(1.16%) |
Mkt cap ! $394.3M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 20.8¢ | $684.6K | 3.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 769152 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 598112 | 26 |
View Market Depth
| Last trade - 14.03pm 04/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |