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59.0¢ australian strategic materials limited

Thanks perdant. Also you also answered my intended question in...

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Leapzig

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24/03/21

12:55

Post #: 52002466
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Originally posted by perdant: ↑

Hi @Leapzig
You have underlined 17.1 above.
17.1 relates to trading halts and the information companies must provide to the ASX when requesting a halt.

Chapter 7 relates to changes in capital and new issues of shares. 7.1 and 7.1a relate to the percentage of shares that can be issued by a listed company in any given period. You can find the formulas used to calculate shares to be issued here: https://www.asx.com.au/documents/rules/Chapter07.pdf

That said, i think what you are asking is, do they have to tell us if they are raising to full capacity? The answer is no. That will be done when the details of the raise are announced and followed up with an appendix 2A announcement.
Hope that helps
Perdy

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Thanks perdant. Also you also answered my intended question in that they do not have to announce capacity. Good news, cheers.

ASM Price at posting: $4.99 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 59.0¢		Change 0.020(3.51%)		Mkt cap ! $106.9M

Open	High	Low	Value	Volume
57.0¢	60.5¢	56.0¢	$175.9K	303.9K

Buyers (Bids)

No.	Vol.	Price($)
3	10187	59.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.5¢	1500	1

View Market Depth

No.	Vol.	Price($)
3	10187	0.590
2	1705	0.585
1	4000	0.580
3	17881	0.570
3	20000	0.565

Price($)	Vol.	No.
0.605	1500	1
0.610	18200	1
0.620	15000	1
0.625	8547	1
0.630	22657	3

Last trade - 16.10pm 02/10/2024 (20 minute delay)

ASM (ASX) Chart