The Chinese are buying an extra $8m shares at a price that is about 75c higher than what the instos will pay in today's placement. G8 has effectively imposed a $6m penalty without going for any protracted legal battles with associated legal costs and uncertainties.
I wouldn't call G8 management incompetent for closing this matter with a $6m penalty and getting on with the business.
Ann: GEM Share Placement, page-5
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Last
$1.27 |
Change
0.030(2.42%) |
Mkt cap ! $1.028B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.28 | $1.24 | $2.957M | 2.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2678 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 2638 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| GEM (ASX) Chart |