personally I don't think that the oppies will end up being exercised. the first two announcements should've had sp @ 25c at least and someone is keeping the sp below 20 just so they won't be exercised. what is better for a major/'sophisticated investor' exercise the oppies and pay 20c per share or a placement @ a discount to market sp? bearing in mind that i don't believe they will allow the sp above 20 cents approx... but then I know nothing anyway.
market is playing right into fnts hands , page-3
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $2.042K | 446.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8575500 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 18486611 | 26 |
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| Last trade - 12.02pm 12/07/2024 (20 minute delay) ? |
| LNR (ASX) Chart |