It's nice to see MQG placing the stock but with 500+ individual transactions on the sheet, that's got to be client accounts, not their own money.
From the Ann re Placement: "The Company has received a firm commitment from existing institutional investor, Territory FundsManagement Pty Ltd (Territory) in relation to a single tranche placement for the issue of 71,428,571fully paid ordinary shares (Shares) at an issue price of $0.035 per share to raise gross proceeds of $2.5million before costs (Placement). The Company will pay a commitment fee of 6% to Territory FundsManagement Pty Ltd, payable in Shares at a deemed issue price of $0.035 per share, amounting to4,285,714 fully paid ordinary shares (Commitment Fee Shares), plus GST."
Territory is actually buying our company at 3.29 c (taking out the 6% fee).
So is MQG a sub-underwriter to Territory Funds? Anyone know what's going on?
It's nice to see MQG placing the stock but with 500+ individual...
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Mkt cap ! $16.46M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $9.338K | 1.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 103590 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 300000 | 1 |
View Market Depth
| Last trade - 15.05pm 03/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.8¢ | 266501 | ||
| Last updated 15.05pm 03/05/2024 ? | |||||
| PAB (ASX) Chart |