This is a solid outcome given the position the company was in. The $2.50 example is irrelevant IMO, if we didn't hit that low at the peak of a pandemic with no secure funding what makes you think it will happen now? Also, if the price is likely to tank wouldn't Mercer push for a lower strike price than $10 for the 150,000 options? As for the $16.5M .... as stated above, WP & co can only get it with shareholder approval which presumably would require some progress in operations and justification for expenditure.
Ann: Funding Package, page-37
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Last
$9.91 |
Change
-0.090(0.90%) |
Mkt cap ! $209.4M | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.00 | $9.65 | $70.76K | 7.202K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $9.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.91 | 475 | 2 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| AVR (ASX) Chart |