OK , we received $7million + from the SPP stage 1.
For the SPP to be successful I am sure BBB was expecting to flush out the vast majority of the 61 million ASNOC holders to convert.
Additionally he would be expecting a big chunk of the 100million+ bonus issue to convert prior to the October deadline.
As the share price stands now he has diddly squat of a chance for this to happen.
Bottom line ...... unless BBB has good news to drop early next week to sway ASNOC holders and more good news to follow up in October to convert the rest, then........
I hope BBB likes egg, because there will be a hell of a lot of it smacked onto the vicinity of his face !
Think about it .
No news next week and a follow up quickly will result in this SPP being a failure.
OK , we received $7million + from the SPP stage 1.For the SPP to...
Add ASN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
-0.010(6.90%) |
Mkt cap ! $174.2M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $138.2K | 996.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 540592 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 200230 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |