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0.6¢ asra minerals limited

Ann: Proposed issue of securities - TNR, page-180

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WhatsupwithBas

1,656 Posts.

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05/10/21

10:35

Post #: 56565837
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Originally posted by mike999: ↑

Hi Bas,
you make some good and valid points.

The rationale for my thinking is that the funding package is very back-ended in favor of the financier so makes sense to pay it out before certain trigger points are reached.
Whilst offering a larger option series is somewhat counterintuitive the fact that it is ending up in friendly (existing holder) hands is preferable to a lesser dilution that will be dumped on market to the detriment of the price and holders.

I would also add that it would have been extremely prudent for the company to sound out the exercise appetite of the larger option holders prior to taking this action.

cheers

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Thanks for the response Mike,
With yours, and Mode's thoughts, I now understand more of the benefits of avoiding the dilution to one party (who may be very short term).

TNR Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $9.984M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$1.935K	322.5K

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No.	Vol.	Price($)
4	3241785	0.6¢

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Price($)	Vol.	No.
0.7¢	812182	4

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No.	Vol.	Price($)
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7	4791022	0.005
12	5466056	0.004
10	8566753	0.003
5	4800001	0.002

Price($)	Vol.	No.
0.007	812182	4
0.008	3565951	12
0.009	1100000	2
0.010	7026480	8
0.011	2622000	4

Last trade - 16.10pm 13/05/2024 (20 minute delay)


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