The share exchange ratio has been fixed already at 18.08 Newrange shares at C$0.18 for every 1,000 MTH shares, So it you have 1,000,000 MTH shares, you are to receive 1,000,000/1,000 = 1,000 x 18.08 = 18,080 Newrange shares at C$0.18. Current exchange rate is 88.9, so say C$0.90 to A$1, then value is 3,254/0.9 = A$3,616 or 0.36c Aust per MTH share.
Newrange was to have done a 12:1 consolidation and is doing it in two stages for some reason. First a 6:1 and then a final 2:1 giving the same 12:1 as originally announced. Could have been explained better in announcement. I guess the professionals understand it easily but not us retail investors who have to read and re read and research. Takes time but is necessary.
The share exchange ratio has been fixed already at 18.08...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MTH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.30M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.5¢ | $11.84K | 97.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5100 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 14.01pm 14/08/2024 (20 minute delay) ? |
| MTH (ASX) Chart |