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24/11/23

08:51

Post #: 71082413
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Originally posted by signalFollower: ↑

it seems to be about finalising the prior SPP allocation of Options which was to be this week originally.

now that there is another sophisticated CR which will include options too, it further seems that it is effecient for the company to lodge only one propsectus for the options so as to allow today's announced free attaching options to also be covered under that prospectus as well.

it'll probably see the sophisticated Cap Raise wind up and be fully applied for and allocated before the trading halt ends on Monday, the email that went out today with the terms of the offer basically alludes to that re: Offer may close early upon being fully subscribed, applications close by 5pm Friday 24th of November anyway.

Long story short, everyone who is awaiting their options from the prior and now this new CR seems like they'll be waiting until the 28th of December to get them, which means the raining of options into the sell side due to the over supply that some posters have been mentioning will not be that downpuour scenario for another month, if that scenario plays out that people are really going to rush to flood the sell side with options that'll still have 18 moonths to run on them to June 2025 and the options are largely being acquired at 0.0 cents or 0.1 cents on the last few occassions ???

Just my interpretations, maybe I'm wrong.

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AAU Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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