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$4.60 senex energy limited

the booklet does not read 31.5c or A 5% discount but rather:...

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6,669 Posts.

15/02/17

11:39

Post #: 22627466
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Originally posted by dfs1 ↑

According to the gumpth, it is the lesser of the two.
1. 31.5 c. or
2. A 5% discount to the VWAP over the 5 day pricing period.

So if it reaches 40, the lucky retail investors will still only pay 31.5.

That's my take.

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the booklet does not read 31.5c or A 5% discount but rather:
31.5c AND
A 5% discount to the VWAP

Does that make a difference?

SXY Price at posting: 35.8¢ Sentiment: Hold Disclosure: Held
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