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11.0¢ meteoric resources nl

Apologies I’m still learning...thanks for the great...

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131 Posts.

02/12/17

10:16

Post #: 29312426
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Originally posted by 88888acct ↑

"SPP will provide those shareholders on the share register as at 5:00 pm Perth time on 24 November 2017"

Given settlements occur on a T+2 basis you were not on the register on the parcel bought and sold in the same day and only on the register at 5:00PM on Monday 27th November for the second parcel. Based on that the inshort answer is "no".

At any rate I wouldnt be too concerned as the SPP scale-back is expected to be aggressive. So not sure that I would be selling to take SPP based on (but it is creating an excellent buying op though that will be short lived I suspect). Just do the numbers:

936 shareholders, and
$1.24m available

Thus if everyone applies you would receive $1,324.78 out of $15,000 + have $15k capital tied up for a few weeks. If you apply for a lesser amount you would get at up to 92% less as well. I have been burying on market at these levels, as have others who missed the placement. At a guess SPP 'arbitragers' will be buying back for a lot more.

Cheers,

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Apologies I’m still learning...thanks for the great description....do you think that share price will drop due to spp
Once again or are we going to see share price rising..
Thanks once again

MEI Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change -0.005(4.35%)		Mkt cap ! $252.8M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.0¢	$500.4K	4.712M

Buyers (Bids)

No.	Vol.	Price($)
3	577565	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	574230	4

View Market Depth

No.	Vol.	Price($)
3	577565	0.105
24	1090575	0.100
4	264500	0.099
3	117856	0.098
4	86616	0.097

Price($)	Vol.	No.
0.110	574230	4
0.115	426121	8
0.120	2997046	21
0.125	864616	9
0.130	485155	6

Last trade - 16.10pm 12/11/2024 (20 minute delay)

MEI (ASX) Chart