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5.7¢ vrx silica limited

good point.... unless this is in general a manuevre to shift a...

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blister

14,978 Posts.

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10/04/24

14:07

Post #: 73277777
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Originally posted by SwiftySX ↑

@blister

Heres what I don't get... Even with your 1million shares doesn't that mean you're only entitled to ~75k new shares? A whopping ~$5k.
With that kind of ratio how are they ever going to raise $3M unless some of the big holders have already committed to taking up their allocation? Retail will be a drop in the bucket.
Its underwritten so they must be confident they can sell any overhang?

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good point.... unless this is in general a manuevre to shift a boatload of discounted shares to the underwriter who then moves it on to others in bulk and they keep the options and fees for themselves.

i don't know man, i am sure there are background discussions that are actually driving this and people have way more information that is available to average joe....... but the discount feels like the are just giving them away and regular joe who chipped in at 12c just got mauled.

VRX Price at posting: 7.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.7¢		Change -0.001(1.72%)		Mkt cap ! $33.25M

Open	High	Low	Value	Volume
5.8¢	6.0¢	5.7¢	$3.283K	56.66K

Buyers (Bids)

No.	Vol.	Price($)
2	39800	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	22978	1

View Market Depth

No.	Vol.	Price($)
2	39800	0.055
3	279996	0.054
1	200000	0.053
2	24819	0.050
1	24999	0.040

Price($)	Vol.	No.
0.057	22978	1
0.059	100000	1
0.060	153716	4
0.068	14700	1
0.072	100000	1

Last trade - 15.46pm 07/05/2024 (20 minute delay)

VRX (ASX) Chart

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