30/11/2021 Results of meeting announcement. Approval of 7.1A mandate was not passed.
My belief is that VMS are now restricted to issuing only 15% of the total number of shares for the next 12 months. (Which is why I sold most of my holdings)
The current capital raising of $5.5M represents about 10.5% . Well within the 15%.
However in this announcement (offer booklet) VMS claims they can issue up to 30%. My knowledge of ASX capital raising rules is limited and would appreciate any information that would clarify the situation before I reinvest.
How can they use 30% if the shareholders have restricted them to 15% ????
In the 9 months after the Julimar discovery Chalice raised about $160M, using the full 30% rule and selling investments. (RMS and O3, about$20M)
If Thor is a Julimar replica , VMS would need to raise about $48M to maintain their 30% of the JV with Chalice.
- Forums
- ASX - By Stock
- VMS
- Ann: Share Purchase Plan Offer Booklet
Ann: Share Purchase Plan Offer Booklet, page-2
- There are more pages in this discussion • 80 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.4M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.4¢ | $202.3K | 8.284M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41707 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 4832769 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41707 | 0.024 |
9 | 1848423 | 0.023 |
7 | 1057140 | 0.022 |
11 | 2302412 | 0.021 |
19 | 2939388 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 4832769 | 7 |
0.026 | 2631369 | 5 |
0.027 | 2958097 | 9 |
0.028 | 4055275 | 11 |
0.029 | 1859964 | 9 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
2.4¢ |
  |
Change
0.000 ( 2.04 %) |
|||
Open | High | Low | Volume | ||
2.4¢ | 2.5¢ | 2.4¢ | 4901751 | ||
Last updated 15.55pm 24/05/2024 ? |
Featured News
VMS (ASX) Chart |