It is interesting to see how Largo has minimized the effect of option/warrant conversion.
This could be adopted with AVL and take advantage of current premium currently under pressure.
the formulae is as below.
Warrantholders may exercise their Warrants without cash consideration through the issuance of common shares in the capital of Largo ("Common Shares") equal to the following formula: (number of Warrants exercised * market price1 at the time of exercise) less (number of Warrants exercised * exercise price) / market price1 at the time of exercise.
Column 1 Column 2 0 (1) Market price means the volume weighted average trading price of the Common Shares on the TSX, or another stock exchange where the majority of the trading volume and value of the listed securities occurs, for the five (5) trading days immediately preceding the date the Company receives the Cashless Exercise Election Form (defined below).
Stop the rot
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Last
1.2¢ |
Change
-0.001(4.00%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $38.26K | 3.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 18052942 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 5924987 | 18 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| AVL (ASX) Chart |
