Granted, s slight saving grace. Holding a free option is not the same as buying an option on market. This was only $4M, but including 75% free options imposes upside limits depending on how/when those option are then exercised.
It would be much better for PEK to not have them altogether.
What will a $250M funding deal look like if they did the same? (rhetorical). Calculate the total cost of this $4M funding as opposed to $4M on Libor plus 200bp (likely to be Roths funding costs).
If they handle $250M the same way, it will be bad for PEK shareholders. A word of caution on the fund providers, not PEK.
placement, page-60
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $30.63M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $16.44K | 159.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1089347 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 361589 | 5 |
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| Last trade - 15.29pm 15/11/2024 (20 minute delay) ? |
| PEK (ASX) Chart |