Pretty standard from what I was told yesterday - up to 6-8% total cost where risk or underwriting is assumed. Usually 4-5% underwriting and 1-2% broker administration. Your broker probably pockets the underwriting/placement fee and makes you pay the price. PYC paid 5-6% on the last one according to ASX 4C after the last one so doesn’t seem to be anything new.
Now lets get whatever they were going to release in Sept out so it can go 5c+ and we can begin whinging about them placing it to their mates . . . . Mind you joining the bid below 3c looks like a free hit for a while so might move some $$ around.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)