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3.85%

12.5¢ everest metals corporation ltd

Ann: Section 708A Notice - Tranche 1 Placement Shares, page-6

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shan0861

478 Posts.

14

14/10/20

11:04

Post #: 48079841
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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.

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that certainly helps me understand things. pardon my ignorance.. i appreciate you taking the time to clear it up for me. cheers

TSC Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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(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