ARI
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0.00% 2.8¢ arika resources limited

I guess rights issue price will be determined by the market....

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  1. bitluck
    626 Posts.
    lightbulb Created with Sketch. 89
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    22/02/16
    23:34
    Post #: 17087546
    I guess rights issue price will be determined by the market. With iron ore price touching $50 as of today I wonder if the market pushes the share price higher (potential bidders in talks with the banks syndicate). The higher it goes the less dilution for current holders which limits the chance of Blackstone getting most of ARI.

    Deal says rights issue for US$262 @ 0.7 = A $374.

    A$374 @ 0.02 = 18.7 billion shares
    A$374 @ 0.05 = 7.5 billion shares
    A$374 @ 0.10 = 3.7 billion shares
    ARI Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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2.8¢ 		Change
0.000(0.00%) 		Mkt cap ! $13.96M
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2.8¢ 2.8¢ 2.8¢ $22.95K 819.8K

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No. Vol. Price($)
2 141633 2.8¢
 

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Price($) Vol. No.
2.9¢ 3895 1
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