fair points and i do agree the 2c option strike with a 4yr expiry is incredibly generous, about the most generous i have ever seen. the steep discount wasn't ideal either but at the moment most cap raises are having to discount quite a lot.
whilst i would have liked all of us to have the option to have participated in the raise at 1.3c with the oppies, i have seen this happen quite a lot that retail do get ignored mainly because it is expensive and time consuming to do an SPP - not saying it's the right thing to do but IXR aren't the only company to do this it happens regularly
i dont know much about Lynch and i am hopeful he will be able to improve things at IXR, but i do respect him dropping $2m on shares within his first few months of being here, yes he got in on the generous raise but his first $1.5m purchase was for shares at 1.8c which was the price of the shares on the day he joined i.e. fair market value.
to put things in perspective on his $1.5m purchase of shares at 1.8c, he is down $585k (at 1.1c) on paper on that parcel alone. that is no small feat
- Forums
- ASX - By Stock
- Ann: Notice of General Meeting and Proxy Form
fair points and i do agree the 2c option strike with a 4yr...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IXR (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.72M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $8.897K | 849.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 8508814 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 9166349 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 8258814 | 0.010 |
29 | 15988619 | 0.009 |
12 | 7535627 | 0.008 |
7 | 4724000 | 0.007 |
6 | 5835000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 9116349 | 17 |
0.012 | 3246269 | 12 |
0.013 | 3296039 | 5 |
0.014 | 2909137 | 7 |
0.015 | 1769733 | 7 |
Last trade - 14.59pm 19/07/2024 (20 minute delay) ? |
Featured News
IXR (ASX) Chart |