Thanks Squash,
There is another similar yardstick for determining the future spinout. Mr Buckhorn held about 11% of Heron. When ARL floated, he bought enough shares to maintain an 11-12% stake in Ardea. As you can imagine, it was quite a costly exercise, something like a million dollars, at spinout, and a further 2 million for options. So Ian has some $3 million+ invested in our project. If he maintains form and wants 11% of the new company, a 1 in 5 allocation would give him a 20% stake, which would be diluted down to 10% if there is a $5 million cash raising at 20c per share. So your numbers seem reasonable enough. Thanks,
BE
- Forums
- ASX - By Stock
- Pertinent market/industry news/articles
Thanks Squash,There is another similar yardstick for determining...
-
-
- There are more pages in this discussion • 3,808 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 ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $91.85M |
Open | High | Low | Value | Volume |
45.5¢ | 46.5¢ | 45.5¢ | $23.69K | 52.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9327 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 4546 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9327 | 0.455 |
1 | 1150 | 0.450 |
1 | 20000 | 0.435 |
2 | 12000 | 0.420 |
1 | 25000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 4680 | 1 |
0.500 | 11258 | 1 |
0.510 | 2192 | 1 |
0.520 | 10575 | 2 |
0.530 | 50950 | 1 |
Last trade - 15.40pm 26/07/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |