Don't forget the rights are renounceable so if you buy now you can sell your rights on market.
1m shares = 6,666 shares (post consolidation) plus 100,000 rights
example
1,000,000 at 0.4c = $4000
6,666 at 60c = $4000
When the 15 for 1 rights start trading you'd need the price to be near 4c to get your money back on a 0.4c purchase pre consolidation
Question is if you like the stock, whether it's better to buy now at 0.3c/0.4c and secure a decent position size or wait till later and hope there's a better entry plus some liquidity via the rights trading. I guess the lead broker/corporate advisor will snap up any shortfall from the rights at the equivalent of around $1m cash and $1m market cap plus the potential for a future US3.5m cash injection from the Selenge project.
Don't forget the rights are renounceable so if you buy now you...
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.954M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 15000 | 1 |
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| Last trade - 08.41am 01/10/2024 (20 minute delay) ? |
| HAR (ASX) Chart |
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