DG Some answers to your question in Bold.
Offer is 1 new share for every three held as at record date of 9th July. Exercise price of 2.5Cents. It is not an exercise price, it is a subscription price, but yes you buy 1 share and 1/3rd of an option for 2.5 cents.
PLUS, one free option for every three new shares. Options exercisable at 3.1 cents. Good until 2022 The options (above) are exercisable (at your future discretion) at 3.1 cents by 31 December 2022.
PLUS, Allowed to subscribe for over allowance ????? if entitlement is taken up in tits entirety.
A couple of things;
1. What are the details o the over allowance ? How do you subscribe for it ? See Section 2.3 of the Offer Booklet for details
2. What is the benefit to shaerholders selling now @ say 22 or 23 and then buying back in at the 2.5 ? Solely to pick up the rights to the options ?
I'm not sure there is a benefit from this. Sometimes the world, and investors work in weird ways.
No advice here, just trying to help out a fellow shareholder. DYOR.
Cheers, AL
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $360 | 179.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11172257 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10182794 | 11 |
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| Last trade - 10.09am 25/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |