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10.5¢ anson resources limited

Ann: Trading Halt, page-52

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Chris2184

10,109 Posts.

2143

10/09/21

12:13

Post #: 55970675
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Originally posted by Access2020: ↑

I’m bidding in the book build - lots of upside here. Great structure too to avoid flippers.

Raising $7.35m at 9.1c for WC, exploration, battery test work. So a pretty small raise.

The smart part of the structure is that there is a 1 for 10 option to ALL shareholders at the record date of 24th Sep.

That means if you sell your shares before then you don’t get the options or alternatively if you buy shares post the trading halt being lifted you will get the options - hopefully that helps the post market.

Options have a 9.1c strike and super short expiry of 23/10/21. If you exercise your options you will receive another option with a strike of 20c. Expiry is around 2 years and the options will be listed.

Very clever structure so well don’t to the bankers on this one.

Lots of near term catalysts too. GLTAH

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So approx 80 million shares @ 9.1c for a raise of $7.35 million.

Holders get 1:10 options so about 80 million options @ 9.1c if exercised equals another $7.35 million.

Those that exercise get another 1:10 option @ 20c if all exercised equals approx $16 million.

Smart way of potentially raising over $30 million.

Only guessing until facts are released.

ASN Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

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(20min delay)
Last 10.5¢		Change 0.006(6.06%)		Mkt cap ! $135.5M

Open	High	Low	Value	Volume
10.0¢	10.5¢	10.0¢	$257.4K	2.533M

Buyers (Bids)

No.	Vol.	Price($)
11	666665	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	257135	4

View Market Depth

No.	Vol.	Price($)
10	656665	0.100
2	30755	0.099
2	30001	0.098
3	123000	0.097
5	226032	0.096

Price($)	Vol.	No.
0.105	257135	4
0.110	185785	4
0.115	140718	3
0.120	370429	6
0.125	382366	6

Last trade - 16.10pm 19/06/2024 (20 minute delay)

ASN (ASX) Chart

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