I felt the same way as you, until I read the Letter To Ineligible Shareholders. It mentions 3 main reasons,
(1) The number of (foreign) shareholders (relatively small)
(2) Their holdings (relatively small)
(3) The compliance costs required (relatively high)
I can't really blame the JZ for keeping costs under control,
AND maybe there is a way for foreign investors to participate.
All ineligible shareholders need to read this letter, especially the Last Sentence.
"Should you have any questions regarding the Rights issue or discuss applying for a shortfall (where lawful to do so) you may contact the Company on +61 8 6188 8181 or [email protected]"
I did.
Cheers,
GD
I felt the same way as you, until I read the Letter To...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $168.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $235.2K | 1.876M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 956840 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 19944 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.3¢ | 1090017 | ||
| Last updated 16.00pm 03/05/2024 ? | |||||
| AGY (ASX) Chart |