I'm thinking it was the 'risk' open when the deal was struck. Just short of 340m? Called $6.75m, in any case.
That was their maximum exposure, so that is what the 4.5% broker fee will be calc'd on IMO. A little incestuous some might conclude, but what's that about a bird in the hand?
I wonder what the sub-underwriters risk tolerance/appetites are?
Anyhow, a terrific couple of weeks of SP viewing across both the bourses ahead IMO. The timeline of sensitive newsflow should preserve where we're at, at least.
...and if opportunity presents, well I'm keen. The qballs, docmins and RSD's of our world are telling me I might be partying with too conservative a hand.
Ann: Letter to Option Holders, page-109
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Last
0.3¢ |
Change
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Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $13.79K | 6.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 167 | 177652467 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 613821341 | 251 |
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| 88E (ASX) Chart |