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4.5¢ albion resources limited

You’re wrong and you need to move on. The option holders are not...

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MickeyMantle536

933 Posts.

1446

10/09/21

09:53

Post #: 55964141
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Originally posted by patricksomethin ↑

Hi Minoil, I don't think anyone here has an issue with the loyalty offer, I am all for it - the issue is the allocation of the shortfall - management had the opportunity to be fair but excluded shareholders who applied.

There would be no issue with management's shortfall allocation policy if it was a standard entitlement issue and a reasonable price had to be paid for the securities - but when they are practically free its a little on the nose that a select few were given the opportunity. Shortfall equated to approx 2% of the company - and was sold for $4,000.

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You’re wrong and you need to move on.

The option holders are not shareholders until they exercise their options for 25c. It’s not 2% of the Company for $4,000. That is categorically incorrect. The 22m options would raise $5.5m at 25c and you can buy stock today for 21c.

And in any case it’s done so either move on or sell because your comments add no value to this thread.

ALB Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.5¢		Change 0.000(0.00%)		Mkt cap ! $2.937M

Open	High	Low	Value	Volume
4.5¢	4.5¢	4.5¢	$924	20.53K

Buyers (Bids)

No.	Vol.	Price($)
1	226818	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	85000	2

View Market Depth

No.	Vol.	Price($)
1	226818	0.044
1	140000	0.042
1	100000	0.041
1	83361	0.036
1	200000	0.035

Price($)	Vol.	No.
0.050	85000	2
0.054	9259	1
0.055	57639	2
0.079	16666	1
0.080	100000	1

Last trade - 15.00pm 28/10/2024 (20 minute delay)

ALB (ASX) Chart