AUQ alara resources limited
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Something to be aware of - in the prospectus it says that one of...

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    13/11/24
    11:35
    Post #: 76582238
    Something to be aware of - in the prospectus it says that one of the conditions of the underwriting agreement is that the Lead Underwriter (Mahe Capital) has the right to withdraw from the agreement if the daily VWAP is below the offer price of 3.4 cents for three consecutive days - which has obviously happened. Exactly what happens if that does occur is a little unclear - does the whole thing stop? Or does Al Tansim as sub-underwriter then get all of the shortfall shares to play with?
    AUQ Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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