You're in denial. Institutions obv played it tight with the 20c. I don't believe the company would have had capacity to issue enough shares at 20c to complete the raise so it had to go the staged route.
What the institutions must not have counted on was how hard they would be scaled back and the strong shareholder support now evident with the rights issue. They will now have to outbid each other for the final small parcel of shares available.
It could have gone badly but it has actually ended up a better deal for shareholders that are ready to capitalise.
- Forums
- ASX - By Stock
- WKT
- Ann: Entitlement Issue Prospectus
Ann: Entitlement Issue Prospectus, page-100
-
-
- There are more pages in this discussion • 160 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WKT (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.78M |
Open | High | Low | Value | Volume |
9.7¢ | 9.8¢ | 9.6¢ | $48.00K | 499.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 92083 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 128307 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 92083 | 0.096 |
4 | 140480 | 0.095 |
4 | 207400 | 0.094 |
2 | 58543 | 0.093 |
2 | 18924 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 38307 | 2 |
0.099 | 40300 | 1 |
0.100 | 171659 | 2 |
0.105 | 75598 | 2 |
0.110 | 192833 | 4 |
Last trade - 15.22pm 13/09/2024 (20 minute delay) ? |
Featured News
WKT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online