based on the wording of the SPP offer and my estimate, I think the price will be rounded up to 1.3c unless someone sells into The current bids of 1.4c to bring the VWAP down a little lower. My estimate is current price to be around 1.21c before rounding up.
”The SPP issue price will be a 20% discount to the volume-weighted average market price (VWAP) of the Company’s shares traded on the Australian Securities Exchange (ASX) over the last 5 days on which such sales were recorded immediately prior to the date the New Shares are issued under the SPP, rounded up to the nearest tenth of a cent.”
based on the wording of the SPP offer and my estimate, I think...
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0.5¢ |
Change
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Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $9.803K | 1.879M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11764 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 21748710 | 29 |
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