SPP's are limited to issuing a maximum of 30% of the register (in this case $780,000 worth)
This new offer has been priced near the year low with some very interesting exploration just around the corner.
The last 2 rights issues of KRC had +80% take up
So, given there are 1600 shareholders, if you again assumed 80% (1280 shareholders) decide to take up this SPP offer, our holders will get an average of $600 worth.
I'm going to send my application in very quickly in case they get flooded and close off their offer early.
People selling at .008 think they will be able to buy back all their stock at .0062 through the SPP (that may prove to be wishful thinking).
We may only get crumbs in this SPP
Add KRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
-0.003(8.11%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.4¢ | $106.8K | 3.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4153 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 222748 | 2 |
View Market Depth
| Last trade - 11.26am 21/04/2021 (20 minute delay) ? |
 (live)
|
|||||
|
Last
3.5¢ |
Change
-0.003 ( 5.41 %) |
||||
| Open | High | Low | Volume | ||
| 3.5¢ | 3.5¢ | 3.4¢ | 1497400 | ||
| Last updated 11.31am 21/04/2021 (live) ? | |||||
| KRR (ASX) Chart |