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7.14%

1.3¢ australian mines limited

Ann: Third Supplementary Refresh Prospectus, page-15

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Spider-Man

2,177 Posts.

162

13/02/19

09:27

Post #: 37418763
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Originally posted by Chotto ↑

Because the company has been in suspension for more than 5 days during the last 12 months it cannot issue “cleansing notices”. As a result it seems to be keeping this prospectus perpetually open as then any new shares issued are freely tradable. It’s a compliance matter. The issue of freely tradable shares would have been a requirement under the Bergen note, and as part of the initial note has not yet been converted (even though the facility has been terminated) the company may still be required to issue shares for the balance of the first tranche at any time.
I don’t like this approach as I think the company should not be maintaining an open prospectus for months on end (rather, if they can’t issue cleansing notices, they should do a bespoke cleansing prospectus each time they want to issue freely tradable shares), but this is an approach you see in the market from time to time.

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thanks for the info

AUZ Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.3¢		Change -0.001(7.14%)		Mkt cap ! $18.18M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$25.84K	1.987M

Buyers (Bids)

No.	Vol.	Price($)
12	3997423	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	1625159	11

View Market Depth

No.	Vol.	Price($)
12	3997423	0.013
7	3024166	0.012
13	35473367	0.011
8	10722810	0.010
6	9507777	0.009

Price($)	Vol.	No.
0.014	1625159	11
0.015	1586028	9
0.016	6595941	22
0.017	15952132	17
0.018	3361352	6

Last trade - 16.10pm 13/11/2024 (20 minute delay)

AUZ (ASX) Chart