Unfortunately there is now going to be a handbrake on the SP. Shortfall stumped up by the underwriters (and sub underwriters) equates to $6.34million (113.2m shares). Of that Tembo and Nebari are on the hook for $2.5million (44.64m shares). The residual of $3.84million is being stumped up by Morgans Corporate and Canaccord Genuity, so 68.56m shares is the overhang. Not sure about Canaccord, but I doubt Morgans Corporate would be too keen to hold onto stock.
Unfortunately there is now going to be a handbrake on the SP....
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $48.40M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.0¢ | $26.45K | 70.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17077 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 30000 | 3 |
View Market Depth
| Last trade - 15.58pm 30/07/2025 (20 minute delay) ? |
| TNC (ASX) Chart |