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Ann: Share Purchase Plan Results, page-23

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Bundy_Too

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10/07/20

15:26

Post #: 45783108
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Originally posted by TMacker ↑

i'd be confident that you will get $15k if you applied for $30k worth, potentially more if they try and reward holders who dont have piddly 100 shares or so

they said that 55% particpants applied for $5k or less, i presume there would be a number of ppl who applied for $1k and $3k share parcels although not many but it will mean the average of those 55% of people is less than $5k

rough maths but say 300 ppl applied, 165 ppl (55%) applied for $5k or less

say the average of those ppl's applications under $5k was $4k then you have 165 x 4k = $660k

say average of the 135 ppl's applications >$5k was about $27k (presume most applied for $30k) and presume they all get scaled by 50%.

then you have 135 x $13.5k = $1,822k

total funds is then $1,822k + $660k = $2,482k

not perfect but i am thinking along those lines

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Note they said 55% will get their full amount, not 55% applied for $5k or less.

No point in doing back of the envelope calculations until we know the formula used. You're only guessing.

As I said earlier, shame that formula was not included in todays announcement.

MWR Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Last 1.7¢		Change -0.001(5.56%)		Mkt cap ! $10.81M

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1.9¢	2.0¢	1.6¢	$37.07K	2.067M

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