Very clever move by the company.
Launch an entitlement offer at a very low (1/10th of a cent) price and at a very generous strike price (3.5c) which will entice holders to exercise their options early and therefore provide plenty of working capital.
Looks like NVA is about to write a decent sized cheque!
Ann: Proposed issue of securities - TNR, page-3
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Mkt cap ! $11.64M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $30.78K | 4.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 6625073 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.7¢ | 170320 | 1 |
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| Last trade - 15.26pm 19/04/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.7¢ | 500000 | ||
| Last updated 14.42pm 19/04/2024 ? | |||||
| ASR (ASX) Chart |