re: Ann: Shareholders Approve AON and HPX Inc...
Ok, so we know pattersons was issued 82 million shares (with options) at 1.5 cents.
30 million shares have traded since the appendix 3B (when that stock became tradeable).
The question is how many more do Pattersons have to flick??. Let's assume they were able to place some with major investors (jindal, Tiger, Shemesian etc) a typical shortfall is around 30-40%. So by that calc, they may have another 0-5 million left to sell, but potentially close to selling out!!!.
I think the exploration story here is potentially a very good one. AON has a very impressive share register , and is funded for the foreseeable future. Looks cheap now that the overhang is burnt off.
Ann: Shareholders Approve AON and HPX Inc. Strate, page-3
Add AON (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.62M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 581132 | 1 |
View Market Depth
| Last trade - 16.00pm 14/11/2024 (20 minute delay) ? |
| AON (ASX) Chart |
Day chart unavailable