If say the 30-day VWAP is 33c, LDA will get 10% discount so they will pay around 30c (29.7c to be precise).
They have a right to purchase a further 25mil shares, so total 50mil shares at 30c each. That would give HIO a total of $15mil cash.
It is not a good deal for HIO but Bryan team will have to take it as a lesson and move on and never turn back to LDA i hope.
If say the 30-day VWAP is 33c, LDA will get 10% discount so they...
Add HIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $27.24M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.7¢ | 2.6¢ | $8.064K | 301.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1187355 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 218951 | 1 |
View Market Depth
| Last trade - 15.19pm 11/07/2024 (20 minute delay) ? |
| HIO (ASX) Chart |