As it stands with this lot being approved the dilution is about 3.5% with this lot accounting for .4%. The other tranches will bring in about $AU 8.9 mill.
A no vote really is a matter of principle rather than effect. I've spent the night (part of) reading the opinions and whilst I agree that the alignment with share price expectations is not right it really doesn't bother me enough to exercise my vote. I am typically lazy with this stuff as I hold 9 stocks ATM and at times have had up to 15. It gets binned, although on one occasion I did let a meeting know what I thought on the voting form and I remember the MD making mention of the issue.
Fact is they all look at what the other does and there may even be a bit of peer pressure in these decisions. It will probably get worse if FAR makes it into the ASX 200.
Looking forward to drill results.
IMO DYOR etc
Voting "No" to Options, page-102
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Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 50.5¢ | $37.26K | 72.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4455 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 10131 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |