PS If someone were to acquire 25% of HGO at 2.7cps, that would be 146397130 shares x 2.7c = $3952722.
Holy S*** a quarter of the company for $3.95m. I feel bad about that. How would the larger shareholders feel? Ariadne currently with 25% holding would see a new arrival with 25% holding for $3.95M. As a result of the extra shares on issue, Ariadne's holding would go from 25% to 20.56%. Of course this assumes one new buyer, but unless Ariadne buys more, the outcome remains the same.
I am going down this track to point out the absolute futility and lack of thought involved in such a share placement.
Ann: Notice of Annual General Meeting, page-15
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Last
6.2¢ |
Change
-0.001(1.59%) |
Mkt cap ! $129.9M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.3¢ | 6.0¢ | $153.4K | 2.507M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 516666 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 369230 | 3 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| HGO (ASX) Chart |