Australia's largest stock trading and investment forum Australia's #1 stock forum

AMD

Click for more information

16.7%

0.3¢ arrow minerals ltd

Ann: Results of SPP, page-30

First 30 Last

Share
Profile

Follow
J.W.Pepper

5,920 Posts.

394

28/02/24

11:40

Post #: 72640888
Share

Originally posted by onthefence27 ↑

Agree - not publishing in this announcement how the shares will actually be allocated is a bad look - raises integrity and governance issues. The snarky response to the poster's email: "as we said, you'll find out on Friday" (paraphrased) is equally bad. Guess we'll just have to wait and see.

Note that in the announcement of the opening of the SPP, we have this:

And this:

So the issue is not really that they are scaling back (happens all the time, and when the share price is a multiple of the SPP price, and there's only $500k on offer, of course it's going to be huge). The issue is the lack of transparency about how they're doing it.

If the company is serious about keeping retail onside, they should publish an announcement that details the criteria used for the scale back.

Expand

"If the company is serious about keeping retail onside, they should publish an announcement that details the criteria used for the scale back." WTF? management should never of issued SPP to retail, all a bunch of whinging know alls, they could of easily raised the $500K through the sophs, they threw you a bone and its not to your palate, Beggars can't be choosers

AMD Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
6 Upvote

2 Great analysis

Reply

Top Stories

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Time for retail therapy in the shopping Scentre for some hot stocks

There are more pages in this discussion • 51 more messages in this thread...

First 30 Last

Add AMD (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(16.7%)		Mkt cap ! $26.34M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$15.79K	6.627M

Buyers (Bids)

No.	Vol.	Price($)
129	208188024	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	143858720	30

View Market Depth

No.	Vol.	Price($)
129	208188024	0.002
59	184755910	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	143858720	30
0.004	116393962	38
0.005	40047833	26
0.006	52029612	28
0.007	14776914	16

Last trade - 10.59am 25/06/2024 (20 minute delay)

AMD (ASX) Chart