28c could be a psychological sell point for the placement investors.
ie buy shares in placement at 18c and get 1 for 2 options exercisable @ 20c
Sell head shares at 28c and profit covers options conversion.
Sit back and wait for Canning results, if good, convert options and take another profit on new shares, if duster, walk away with profit from intial share sale and let free options expire.
Thats what I'd be doing.
With that in mind, the prespud run in the sp could be struggling above 25c.
Still holding a few but reluctant to top up over 20c
prospectus released, page-10
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Last
$3.81 |
Change
0.040(1.06%) |
Mkt cap ! $2.502B | |||
| Open | High | Low | Value | Volume |
| $3.73 | $3.82 | $3.64 | $5.218M | 1.386M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4432 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 21675 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EMR (ASX) Chart |