In reality the CR will likely be realised by those holders who wanted 4c shares (as opposed to wanting 10c shares).
The fact the CR was not tied to a ratio of current holdings but flat out buy at a fixed quantity/price suggests the board know what they're doing.
Once the CR is closed, the shackles should well and truly be off KFE as everyone now would have built up their positions with no resson to keep the clamps on (reading between the lines).
ps. Yes IB is still well & truly heavily involved with us.
GLTAH KFE
Ann: Share Purchase Plan, page-23
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $104.3M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.8¢ | $65.81K | 2.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1811552 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 833332 | 2 |
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| Last trade - 11.34am 05/08/2024 (20 minute delay) ? |
| M4M (ASX) Chart |