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10.5¢ 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 10.5¢		Change 0.000(0.00%)		Mkt cap ! $199.0M

Open	High	Low	Value	Volume
10.5¢	10.5¢	9.9¢	$944.7K	9.420M

Buyers (Bids)

No.	Vol.	Price($)
13	414841	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	1949945	30

View Market Depth

No.	Vol.	Price($)
13	445361	0.100
6	475720	0.099
5	225485	0.098
7	293002	0.097
8	336351	0.096

Price($)	Vol.	No.
0.105	1968992	30
0.110	1872049	13
0.115	919316	8
0.120	2292121	5
0.125	222007	3

Last trade - 15.13pm 31/07/2024 (20 minute delay)

MEI (ASX) Chart