The shortfall was underwritten so they could have sold them if they needed too. The fact that the shortfall was not placed is very telling imo.
If you have a deal done why would you dilute your own profits by issuing the shortfall shares when you don't need to.
Ann: Shareholder Update - Non-binding Offer from Trans Metal Fund, page-29
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MTC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $30.51M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $24.32K | 155.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222245 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 92780 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MTC (ASX) Chart |