Yeah very interesting. From what I can tell they are going to receive shares based on a price of 30c? But then they get a % extra on total spent (i.e. $5.3m worth for $5m). Does this mean they are effectively paying 28c a share?
If so, I think these are very good terms for the company given today's share price. Although a little sad that it's being done before a gerdau announcent is made, maybe indicating it's not happening any time soon...
Ann: Institutional Placement to Underwrite Growth Strategy, page-3
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Last
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Mkt cap ! $38.23M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.6¢ | $4.81K | 84.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 190799 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 200000 | 2 |
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| Last trade - 12.07pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.8¢ | 5.6¢ | 130245 | ||
| Last updated 11.37am 24/05/2024 ? | |||||
| FGR (ASX) Chart |