so they hold 10mil shares in AXM
they can, and presumingly will, subscribe for another ~1.3mil in the rights issue, and then they have they are first in line to mop up any shortfall up to $3mil which equates to a potential 15million more shares... not sure if they will get the full $3mil dollars worth in the underwrite BUT i think we have a new substantial holder in the making here, they would need about 30mil to get to the 5% but even without the title we have certainly found a cashed up backer.
- Forums
- ASX - By Stock
- AXM
- seems leg is keen on axm
seems leg is keen on axm, page-2
-
- There are more pages in this discussion • 33 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 AXM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online