Started wondering how much money might come in the kitty from the Sept Options & how many the Solomons have & if will cough up own $$ to exercise them - in 2016 Annual Report of TAS on Page 13 says Directors were granted Options in EDEN as a way to convert debt into equity so Greg S was allocated 12,367,635 (will cost $371k to exercise ), Doug S 2,581,072 ($77k) & Guy T Le Page 1,910,072 ($57k).
D:http://www.tasmanresources.com.au/announcements/ee6d1e0c2f3aea090128234c84b556bb.pdf
In 2017 Annual Report though it lists the Top 20 Option Holders (cut & paste doesn't come across here properly so just scroll down to last page 43) but doesn't segregate them into Expiry dates & prices as such:
https://www.asx.com.au/asxpdf/20170929/pdf/43msdg5c04c007.pdf
but with Noble Energy Pty Ltd (being 100% owned subsidiary of TAS & holding all the EDEN Shares in it) is on top with 93,187,329 Options then 3rd also with extra 8,789,413 Options but no idea re price/expiry? The Solomons are listed on there too with Greg under 3 different entities with total now of 13,092,309.
Anyway, IF even just the first lot of Noble Energy P/L are SEP 2018 Options, it would have to come up with $2.8M & as this subsidiary Company has usually been used before like a 'loan company' (they borrow from it in lean times then pay the loan back to it after successful Capital Raisings) & does not have money in the kitty am pretty sure this lot of Options won't be exercised & will just expire...?
Anyway, is just my opinion & happy to hear debates on the topic though if there was a way to bet on the outcome I'd say they won't be turned into Shares which is probably a positive if can get money in from other sources.
It appears they just been given a grant of $300,000 dated last week.
https://www.theaustralian.com.au/bu...t/news-story/325ae801b4da347eeb89535d18b1acfc
- Forums
- ASX - By Stock
- EDEO Options
Started wondering how much money might come in the kitty from...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EDE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.357M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $6.039K | 3.052M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 124827643 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 6489015 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 122327643 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 6489015 | 6 |
0.003 | 32239318 | 14 |
0.004 | 6307126 | 4 |
0.005 | 360000 | 1 |
0.006 | 2831956 | 1 |
Last trade - 15.53pm 21/06/2024 (20 minute delay) ? |
Featured News
EDE (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online