Very good. Sowens nailed it on the head. Existing holders will get more shares. I have around 4 million shares. This is great for me personally. Will exercise when time comes.
Dilution is a valid point. However, given there are four brine projects in Lakes arsenal it amounts to to around quarter million shares per project on even spread. Therefore not bad.
If this was a single project only I would be very concerned......but that is just not the case.
Ann: LKE Bonus Issue to Shareholders, page-68
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4.1¢ |
Change
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Mkt cap ! $65.07M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.2¢ | 4.0¢ | $148.7K | 3.674M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1621102 | 4.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 1979855 | 8 |
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