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15.4% 3.0¢ thunderbird resources limited

They can't issue an amount of shares that is more than 15%, of...

  1. brickworks
    864 Posts.
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    24/02/11
    18:06
    Post #: 7948858
    They can't issue an amount of shares that is more than 15%, of the shares on issue, 12 months before the issue of the new shares, without shareholder approval.

    According to the quarterly from September last year, they had 605m shares. So 15% of that is approx. 90m shares

    See the section relating to New Issues
    http://www.asxgroup.com.au/media/PDFs/Chapter7.pdf
    VAL Price at posting: 10.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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