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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$1.33 |
Change
0.000(0.00%) |
Mkt cap ! $1.076B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.32 | $2.986M | 2.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8560 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 13364 | 2 |
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| GEM (ASX) Chart |