Hamik, I still can't work it out. 10mill on 200mill is 5%. Even if they were diluted because of a placement then how on earth can it be 2.8%. Whatever they've calculated, whether right or wrong, it appears they are very aware of the rules and trying to keep away from the takeover trigger event. Regardless whichever way you look at it, they've paid well more then the current share price for those 10mill shares. By rights the share price should drift upwards but it seems investors aren't too aware of this.
LMR Price at posting:
5.2¢ Sentiment: None Disclosure: Held
