FRS 10.3% 2.6¢ forrestania resources limited

shortfall notice, page-2

  1. 445 Posts.
    lightbulb Created with Sketch. 2
    Yes - I am very surpirsed that not all the shareholders took up their rights! I mean the current sp is ahead of the issue price so it means that they must be short of cash.
    At least 73.7% of shares were taken up leaving 1714377 remaining.
    Didn't the memorandum mention that 1 million will be allocated to Coupland Cardiff Asset Management in the event of a shortfall? That leaves 714377 shares which hopefully will be absorbed by another institution.
    I guess the only downside is that Ferraus will have to pay fees to ABN Amro Morgans for this placement.
    I should have applied for more!
 
watchlist Created with Sketch. Add FRS (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
-0.003(10.3%)
Mkt cap ! $4.206M
Open High Low Value Volume
2.9¢ 2.9¢ 2.6¢ $15.73K 552.4K

Buyers (Bids)

No. Vol. Price($)
1 45130 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 34098 1
View Market Depth
Last trade - 11.37am 31/07/2024 (20 minute delay) ?
FRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.