Although only raising 400K in the short term longer term when the options are execised they raise 8 million. The company did this to look after existing shareholders. They stated in the orginal prospectus that they would issue a loyalty option with strike at $0.20 and thats what they have doneeven though the float was more sucessful than anticpated. They may have been able to get a higher price but they have stuck to their word.
Anyone who has taken a position in the company since floating was aware of the option(and subsequent)dilution and nothings change with the companys story so I see this as a huge opportunity. Its a very cheap way to take a position in BOA for 12 months.
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Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $2.837M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $5.6K | 241.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51691 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 700000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51691 | 0.021 |
1 | 19995 | 0.020 |
1 | 240000 | 0.016 |
1 | 50000 | 0.015 |
1 | 125000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 700000 | 1 |
0.028 | 80000 | 1 |
0.029 | 200000 | 1 |
0.030 | 305000 | 2 |
0.035 | 148666 | 1 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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BOA (ASX) Chart |