EUR

4.00%

2.6¢ european lithium limited

The Clock is Ticking once Again, page-105

First 105 Last

Share
Profile

Follow
jefferies2

4,583 Posts.

41

28/05/18

08:59

Post #: 33330343
Share

Originally posted by siryowie ↑

According to the PNE (subsequently EUR) announcement of 9/9/2016:

* Most of these are "Options exercisable at $0.10 each on or before 30 June 2020", being "Unlisted Options – issued [at no cost] to EverBlu Capital Pty Ltd (or nominees) (or nominees) pursuant to the Prospectus EverBlu Capital Offer.". There is no mention of escrow in the announcement.

* EverBlue was also issued, again at no cost, 23,437,500 Ordinary Shares as part of the transaction, in part payment of fees. Given the shares were issued to the market at $0.08 per share, that is a fee of $1,875,000. No mention of escrow on these either.

* What we don't know is what EverBlu's total fee was, or would have been, but that might explain why they haven't been converted to shares just yet.

* That's a lot of new shares on the market if they decide to convert then sell some of them - they will want to time the conversion for when there is *big* capital influx so as not to depress the price.

* Also, the higher the EUR price is when that happens the less shares they will need to sell to offset their outlay to convert the options ($20m!).

Any thoughts folks?

Expand

Hi siryowie

Thanks for finding that. My only thought is that the statement that caught my eye is a pipe dream.

It needs a more cautionary qualification: "We estimate that EUR currently has 204.3m options outstanding whose exercise, [if it were ever to happen], would generate proceeds of AUD20.4m."

EUR Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 25 more messages in this thread...

First 105 Last

Add EUR (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.001(4.00%)		Mkt cap ! $57.32M

Open	High	Low	Value	Volume
2.5¢	2.7¢	2.5¢	$10.82K	412.1K

Buyers (Bids)

No.	Vol.	Price($)
1	24745	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	28571	1

View Market Depth

No.	Vol.	Price($)
4	235000	0.037
5	707518	0.036
8	210721	0.035
4	102072	0.034
4	90782	0.033

Price($)	Vol.	No.
0.040	200000	1
0.041	300000	2
0.042	549599	3
0.043	564000	3
0.044	100000	1

Last trade - 15.30pm 25/11/2024 (20 minute delay)

EUR (ASX) Chart

The Clock is Ticking once Again, page-105

Tambourah chases gold veins and mineralisation extension with drilling

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The Clock is Ticking once Again, page-105

Top Stories

Tambourah chases gold veins and mineralisation extension with drilling

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News