1. Small holders never had the choice of tipping in the funds to keep it in PF1, agre with you there. What i was saying is the same directors and large holders, that not surprisingly stand to benefit the most, were the ones that made the decision to divest and then finance it.
2. Couldn't be more wrong, $7 million is not required. As part of the IPO expenditure listed in the prospectus, $3.25 million is earmarked for the Exploration and Development of the Hamerseley Iron ore Project. This would represent less than 10% dilution at current PF1 market cap, even including costs for any raise. So they have given away circa 40% instead of diluting 10-12% yeah?
4. EQN directors are applying for shares and receive plenty of attaching options. Add in lead manager fees etc etc, its all there in the prospectus
Supplementary Prospectus
1. Small holders never had the choice of tipping in the funds to...
Add BM8 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.4¢ |
Change
-0.004(4.08%) |
Mkt cap ! $8.625M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.4¢ | 9.4¢ | $12.07K | 128.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 25000 | 1 |
View Market Depth
| Last trade - 13.35pm 19/04/2024 (20 minute delay) ? |
|
|||||
|
Last
9.4¢ |
Change
-0.004 ( 4.86 %) |
||||
| Open | High | Low | Volume | ||
| 9.5¢ | 9.5¢ | 9.4¢ | 46367 | ||
| Last updated 12.11pm 19/04/2024 ? | |||||
| BM8 (ASX) Chart |