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

EMC

Click for more information

3.85%

12.5¢ everest metals corporation ltd

Ann: Section 708A Notice - Tranche 1 Placement Shares, page-4

First 4 Last

Share
Profile

Follow
stormer

18,059 Posts.

1665

13/10/20

21:13

Post #: 48068538
Share

Originally posted by Plimsoll: ↑

It means those rich investors ( not me ) who were allocated placement shares in part 1 of a 2 part capital raise, can now sell them . They were allotted their shares at a discounted price of .006 . Once they new shares hit their trading account , they can sell them on market , for example at today’s closing price, at a profit of 16.66% , that’s if they can find enough buyers, or alternatively , they can stay on as shareholders , until the Management proves its mettle and gets the party started. Hope that clarifies things a bit.

for your information, to gain share allocation at a discount, ( sec. 708 client ) you have to be a client of a broker , earn$250k a year, and have $2M in assets.

Expand

250k per year or 2 mil assets

TSC Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

First 4 Last

Add EMC (ASX) to my watchlist

(20min delay)
Last 12.5¢		Change -0.005(3.85%)		Mkt cap ! $23.28M

Open	High	Low	Value	Volume
12.5¢	13.0¢	12.5¢	$35.25K	282.0K

Buyers (Bids)

No.	Vol.	Price($)
2	152029	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	84959	3

View Market Depth

No.	Vol.	Price($)
2	152029	0.125
6	180667	0.120
2	69478	0.115
4	455781	0.110
2	38104	0.105

Price($)	Vol.	No.
0.130	84959	3
0.135	187392	4
0.140	502320	6
0.145	58750	2
0.150	154371	2

Last trade - 13.55pm 12/11/2024 (20 minute delay)

EMC (ASX) Chart