Standard stuff, IMO.
$40m at 12c is over 15% dilution, plus will reduce Mt K strike price probably to under $1.
Lets hope they don't go for the $90m, which would be a huge dilution and probably breach the loan terms for Sojitz and Mt K :-)
goalposts can be shifted according to announcm, page-3
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12791 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 13019 | 2 |
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| LYC (ASX) Chart |