I just worked it out. They are going to need the SP to be @ 21c to convert those 25 million shares.
So, convert 10 million @.06 = $600k
sell 10 million @21c = $2.1 million
Convert 25 million @.06 = $1.5 million.
And thats break even. Gutsy.
They must be thinking of converting all 25 million or it was pointless converting the 10 million now.
I just worked it out. They are going to need the SP to be @ 21c...
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Last
9.1¢ |
Change
0.001(1.11%) |
Mkt cap ! $92.58M | |||
| Open | High | Low | Value | Volume |
| 8.9¢ | 9.4¢ | 8.7¢ | $92.34K | 1.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 39736 | 1 |
View Market Depth
| Last trade - 15.51pm 01/05/2024 (20 minute delay) ? |
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Last
9.1¢ |
Change
0.001 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| 8.9¢ | 9.3¢ | 8.9¢ | 124454 | ||
| Last updated 13.11pm 01/05/2024 ? | |||||
| NTI (ASX) Chart |