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The LOMOA's may be underwritten, but ... assuming the...

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  1. picksel
    1,009 Posts.
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    29/08/17
    11:25
    Post #: 26831448
    The LOMOA's may be underwritten, but ...
    assuming the underwriters don't want to spend 8c, or are reluctant to raise their holding by a substantial margin - what would they do? Persuade holders to convert, that's what. And the easiest way to achieve that, is to lift the sp above the threshold long enough so retail punters believe they get a bargainat a 5% discount.
    Last edited by picksel: 29/08/17
    AUR Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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