Australia's largest stock trading and investment forum Australia's #1 stock forum

ASR

Click for more information

0.00%

0.7¢ asra minerals limited

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

First 180 Last

Share
Profile

Follow
WhatsupwithBas

1,655 Posts.

319

05/10/21

10:35

Post #: 56565837
Share

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

Expand

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
1 Upvote

0 Great analysis

Reply

First 180 Last

Add ASR (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $11.64M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$3.75K	535.7K

Buyers (Bids)

No.	Vol.	Price($)
4	3241786	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	412182	2

View Market Depth

No.	Vol.	Price($)
4	3241786	0.006
7	4791022	0.005
12	5466056	0.004
10	8566753	0.003
5	4800001	0.002

Price($)	Vol.	No.
0.007	412182	2
0.008	3565951	12
0.009	1930000	3
0.010	7159929	9
0.011	2622000	4

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last 0.6¢			Change 0.000 ( 14.3 %)
Open	High		Low	Volume
0.6¢	0.6¢		0.6¢	777000
Last updated 15.56pm 10/05/2024 ?

ASR (ASX) Chart