Yes totally think so, the SPP will be probably heavily over subscribed. I have checked Fy23 company annual report, MKG got around 1600 shares holders at 30/06/23, assuming the number not change much since then, and also take out non Australian and NZ sharesholder ( they cannot apply in SPP) and take out those who have no sufficient funds or do not wish to apply SPP … let’s say in the end only 1000 shares holders applied SPP, since SPP only offer $500k value of shares, then $500k divided by 1000 applicants, so on average each applicant can only get $500 worth of shares- that’s only 50k units of MKG.
Ann: New Areas at Napie with Very High Grade Rock Chip Results, page-80
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.784M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $67.73K | 7.540M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164523 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 437800 | 3 |
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| MKG (ASX) Chart |