Ann: Results of Share Purchase Plan, page-5

  1. 13,677 Posts.
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    The SPP of $3.207m adds 64,140,000 shares to the SOI

    The new SOI is 901,977,759

    That's a dilution of 7.7%

    If overnight market cap were to be used as a guide, the 8.1c share price is now equivalent to a new share price of 7.5c.


    That is a fairly small level of dilution, even with the big oversubscription.

    The $3.2m raised added to the cash at hand, about $3m, and the $6.2m that will come in from the options this year gives CDX a very healthy bank balance.

    ..
    Last edited by kickit2me: 07/01/21
 
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