Ann: Trading Halt, page-66

First 66 Last

Share
Profile

Follow
spyglass

1,345 Posts.

141

30/09/20

22:13

Post #: 47755782
Share

Originally posted by OiaPhile: ↑

rroodd,

Given that KZA is a pre clinical company with no revenues, how do you suggest it raises cash to fund its activities? A capital raising is the only way. We may argue about whether a capital raising at 80c is appropriate or maybe the company should have waited until the SP was a little higher, but the fundamental need to raise capital remains unchanged. This principle applies to all pre revenue companies. I think we can all agree on this.

Further, you mention that Kazia management are "looking after themselves first with bucket loads of free options". I am sorry, although the options may be free, it costs the holder to covert the option to a share. An option gives the older the "option" but not the "obligation" to purchase a share at a strike price determined now. If you read the Explanatory Statement CAREFULLY, you would have noticed that the strike price has been determined to be at $0.8812. Therefore, management will have option to PAY $0.8812 per option it exercises and converts to a share.

Just for your benefit, the SP did dip below $0.40 last CR, but it quickly rebounded to the current SP of $0.96 (almost 100% increase) on less meaningful data than what we are expecting in the next couple of months.

I am all for informed debate here on HC, but please, half truths and misinformed comments do not belong here.

Expand

The $0.8812 is the price JG will pay. The other directors are paying even more for their options with a premium above the price at the date of them being granted (which I think should be the AGM date?)

KZA Price at posting: 96.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

Nine's staff strike as Paris Olympic coverage begins

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

There are more pages in this discussion • 37 more messages in this thread...

First 66 Last

Add KZA (ASX) to my watchlist

Ann: Trading Halt, page-66

Top Stories

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News