Originally we were informed , “ to raise upto $3 million .”
Then it was changed to , “ more or less .”
What we know : the share price was lowered below the 19.3 , why - to discourage retail from participating .
What should we expect : The big end of town will scoop up the first $3 million or 15.5 million shares , then I would expect the “more” to come into play . Say 30 million shares or around $6 million worth .
Straight out of the big end of town play book for dummies , chapter 12 , how to get volume without rising the share price .
All in my opinion …..
Ann: Share Purchase Plan Offer, page-19
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $343.4M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 18.5¢ | 16.5¢ | $1.865M | 10.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1001708 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 167790 | 3 |
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| BRN (ASX) Chart |