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11.0¢ calidus resources limited

It is usually a max. of $30,000 for each account you hold shares...

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subi1

8,420 Posts.

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16/04/24

22:34

Post #: 73376647
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Originally posted by pablo2: ↑

Pinecone, I suppose it’s quite simple really. When the SPP kicks off around Apr 23 we should be offered them by our brokers at c11.5. One then stumps up the cash for up to AUD$3,000 and put in your bid.

If the total bid for is less than AUD$3m, then you’ll get all you ask for. If more than AUD$3m then there will be scaling back.

This is usually done pro rata which I think is unfair but there may be a minimum guaranteed success.

Imagine some rich cat bids for AUD$6m on his own and the rest of us bid for AUD$3m. So, total bid is AUD$9m or 3 X oversubscribed. The simplest (and unfair) way to allocate is then to say everyone gets one third their bid.

So, fat cat gets AUD$2m worth of shares(and associated options) and the rest of us split AUD$1m(and options).

I’ll email this scenario to Dave to try to pre-empt it.

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It is usually a max. of $30,000 for each account you hold shares in. You can bid for less but not more in most cases that i have seen.

We will find out when they send the forms out.

CAI Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $89.60M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.5¢	$41.25K	389.9K

Buyers (Bids)

No.	Vol.	Price($)
23	1346052	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	478052	14

View Market Depth

No.	Vol.	Price($)
22	1338852	0.105
33	2213810	0.100
1	1	0.097
3	64000	0.096
3	625000	0.095

Price($)	Vol.	No.
0.110	478052	14
0.115	546274	5
0.120	1069460	9
0.125	627823	8
0.130	565386	7

Last trade - 16.10pm 24/06/2024 (20 minute delay)

CAI (ASX) Chart