ADY 0.00% 1.2¢ admiralty resources nl.

could this be right...i hope i am wrong

  1. 267 Posts.
    so if 28.6 million shares are to be offered to raise $5m, then doesn't that equal 5.72c per share...surely not? What would that do to the share price? The ann didn't say what price the placement was done at but a simple calculation dividing shares by the amount of money they are raising..and thats what I get. Any thoughts anyone?
 
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