Based on the number of securities available in the placement and assuming most would chose the $15k allocation, only 83 people will be able to participate for the full amount.
MEI can then announce a heavily oversubscribed placement back to the market...
Unfortunately, I think this will limit the the price from running in the short term, as investors will wait for the SPP sell-off to finish.
I'm also slightly concerned about ex-directors dumping some stock too..
All IMO.
Share Purchase Plan Offer, page-20
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Last
9.1¢ |
Change
-0.002(2.15%) |
Mkt cap ! $222.2M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.6¢ | 9.1¢ | $122.1K | 1.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 573100 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 51329 | 8 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| MEI (ASX) Chart |
