Yeah it was an estimate based on being involved with many other CRs.
At such a low discount to prevailing price a reasonable assumption would be for 50-75% take up. So around $2M , therefore another $2M from oversubscriptions.
If they're only accepting $1M of the oversubs thats about half of the estimated oversub amt.
So no scientific deduction from the facts in the announcement , but some assumptions were made.
It also depends on how they scale them back.
If one person applied for $500,000 over and everyone else just a few $K, then they might pro rata based on the persons original entitlement
Either way, am pretty sure I'll get a reasonable amount of my oversubscription because I didnt subscribe for $500K.
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Mkt cap ! $78.93M |
Open | High | Low | Value | Volume |
6.1¢ | 6.8¢ | 6.1¢ | $63.06K | 964.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 26747 | 6.6¢ |
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Price($) | Vol. | No. |
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6.7¢ | 78481 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 26747 | 0.066 |
1 | 94972 | 0.065 |
1 | 80000 | 0.064 |
1 | 100000 | 0.063 |
2 | 75771 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 78481 | 2 |
0.068 | 228937 | 3 |
0.069 | 28000 | 1 |
0.070 | 439661 | 7 |
0.071 | 200000 | 2 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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