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
6.3¢ |
Change
0.006(10.5%) |
Mkt cap ! $62.06M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.3¢ | 6.0¢ | $58.56K | 938.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 266222 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.4¢ | 207847 | 1 |
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| Last trade - 13.18pm 06/06/2024 (20 minute delay) ? |
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Last
6.3¢ |
Change
0.006 ( 7.33 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.3¢ | 6.0¢ | 319843 | ||
| Last updated 12.58pm 06/06/2024 ? | |||||
| NTI (ASX) Chart |