Correct. 40 million oppies at an exercise price of $0.03 means the broker(s) now have the right to buy $1.2m if they want to over the next 24 months. I would think that options would be standard practice for exploration companies as they don't typically generate cashflows so that shouldn't be a concern.
All in all I'd say this was a successful raise as there was no big discount like I was expecting. Assays being received in the coming weeks so if positive it could hit the 0.03 range like it did with the last results.
Correct. 40 million oppies at an exercise price of $0.03 means...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.833M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $30.02K | 20.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 197839622 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 27961705 | 22 |
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| Last trade - 15.05pm 28/06/2024 (20 minute delay) ? |
| OAR (ASX) Chart |