AUR 0.00% 0.7¢ auris minerals limited

> The Entitlement Issue is fully underwritten by ... Usually,...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 556 Posts.
    lightbulb Created with Sketch. 14
    > The Entitlement Issue is fully underwritten by ...

    Usually, every 'fully written underwriting agreement' has an extensive set of outs that allow the underwriter an exit, if various things happen, such as the price of gold changing, or the exchange rate changing or the US stock market changes or blah blah.

    I would be very interested to see the list of 'outs' on this agreement, because I am sorry to say, but I can't see this having extensive take-up by the shareholder base. I should probably check the Black-Scholes valuation, but my gut feeling, based on the structure requiring the share price to more than double to over 9c before anyone can recoup anything ... is that I am not going to bother to check Black-Scholes.

    [ And I am not even going to start on the 20m free oppies for directors and KMP. ]
 
watchlist Created with Sketch. Add AUR (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $2.383M
Open High Low Value Volume
0.7¢ 0.7¢ 0.7¢ $700 100K

Buyers (Bids)

No. Vol. Price($)
2 1337500 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 806918 1
View Market Depth
Last trade - 10.00am 29/11/2024 (20 minute delay) ?
AUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.