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3.23%

3.0¢ melbana energy limited

Previous placement accrued total of 7.1A I believe, So all...

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21/09/18

14:35

Post #: 35756384
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Originally posted by Justlocal ↑

"The Placement will be completed in a single tranche pursuant to the Company’s capacity under ASX Listing Rule 7.1 (using 91,736,852 securities of that placement capacity) and 7.1A (using all the placement capacity of 167,422,503 shares)"

Am I missing something?
Does that not add up to a total of 259,159,355 shares to be issued, yet they say the placement was oversubscribed and was therefore pared back to an issue limit of 194 m shares? Alternatively put, are we to be diluted by 194 m shares or 259,159,355 shares and if the latter, who gets the additional 65,159,355 shares?.

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Previous placement accrued total of 7.1A I believe,
So all remaining from the old capacity up to max 167,422,593, + 91, 736,852 from new one just ratified a month ago which was voted for and passed ... so by my reckoning, we only have a potential 70 mm shares left for the next full year we could place without requiring new shareholder approvals..
194mm shares issued and issues acutely scaled back, from what I have been told they could have placed double that qty with the take up offers.

MAY Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.001(3.23%)		Mkt cap ! $94.36M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.9¢	$98.24K	3.284M

Buyers (Bids)

No.	Vol.	Price($)
1	86990	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	181225	2

View Market Depth

No.	Vol.	Price($)
1	521231	0.015
16	2557462	0.014
6	2982000	0.013
4	3395000	0.012
4	3627788	0.011

Price($)	Vol.	No.
0.016	2684672	5
0.017	3796014	6
0.018	2684231	5
0.019	6240315	9
0.020	1582500	7

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