ASR 10.0% 0.6¢ asra minerals limited

Very clever move by the company. Launch an entitlement offer at...

  1. 2,379 Posts.
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    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!
 
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