Ann: Change in substantial holding, page-7

  1. 3,056 Posts.
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    I think this attack on the SP was a tactical manipulation by institutions to sabotage the
    retail entitlements. They want to take all the shares. There is 134 Million Shares for grabs
    under the retail at 27c. So who retailer would want to take their entitlements at 27c now.
    They did a good Job. I'm not expecting a sp improvement until the 19th(Next Thursday)
    when retail closes.

    "Placement and Institutional Entitlement Offer received strong support from both new and eligible existing
    institutional shareholders, with existing shareholders (excluding EMR Capital) 1 subscribing for approximately
    82% of their entitlements in the Institutional Entitlement Offer. New Shares not taken up by both eligible and
    ineligible institutional shareholders have been
    fully allocated to eligible institutional investors with priority
    given to existing shareholders."

    Here is hypothetical scenario, Say if instead of a capital raising, the company is rewarded by insurance of $120M
    compensation, Question is, Will the Market cap be at $314M which is what 29M is now with a capital injection of 120M.?


 
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(20min delay)
Last
28.5¢
Change
0.000(0.00%)
Mkt cap ! $394.2M
Open High Low Value Volume
28.0¢ 29.3¢ 28.0¢ $555.2K 1.951M

Buyers (Bids)

No. Vol. Price($)
11 481253 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.0¢ 95069 2
View Market Depth
Last trade - 16.10pm 01/08/2025 (20 minute delay) ?
29M (ASX) Chart
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