BOA 0.00% 2.4¢ boadicea resources limited

Although only raising 400K in the short term longer term when...

  1. 993 Posts.
    Although only raising 400K in the short term longer term when the options are execised they raise 8 million. The company did this to look after existing shareholders. They stated in the orginal prospectus that they would issue a loyalty option with strike at $0.20 and thats what they have doneeven though the float was more sucessful than anticpated. They may have been able to get a higher price but they have stuck to their word.

    Anyone who has taken a position in the company since floating was aware of the option(and subsequent)dilution and nothings change with the companys story so I see this as a huge opportunity. Its a very cheap way to take a position in BOA for 12 months.
 
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Last
2.4¢
Change
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Mkt cap ! $2.960M
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1 92317 2.2¢
 

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2.4¢ 33377 2
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