AJQ 3.13% 3.1¢ armour energy limited

Ann: Accelerated Non-Renounceable Entitlement Offer, page-38

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  1. 1,504 Posts.
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    Closing date for the institutional placement is tomorrow. It's a very short one, 2 days. The retail entitlement offer, that is you and I, opens 15/8 and closes 28/8. The trading halt will be lifted tomorrow, tomorrow 1900 a count will be made on retailers shares, and 1:4 worked out. Your entitlement offer will arrive in the post next week. Theoretically, you could sell some of your shares tomorrow and use those proceeds to buy more back in. The issue is though, that many people will think the same, and realistically the SP is likely to fall to the CR price, in this case 0.10. You may luck it, you may not.
 
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