HIO 4.35% 2.4¢ hawsons iron ltd

Ann: Prospectus - Shareholder Offer, page-16

  1. 669 Posts.
    lightbulb Created with Sketch. 49
    Thanks fundamental...did some maths, its worth doing, if you dropped $10k, your getting shares at 0.02475c each.

    For those who are wondering, $10k ÷ 0.033c = 303,030 shares. With every 3 shares, you get 1 free share.

    303,030 ÷ 3 = 101,010 shares for free.

    101,010 + 303,030 = 404,040 shares.

    $10k ÷ 404,040 = 0.0247500c.

    Current price, $10k ÷ 0.030 = 333,333 shares.
 
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