I think there will be minimal takeup (less than $1m) from shareholders in the rights issue to be honest. If the share price hit 20c+ then I can see the takeup being strong. At the moment the share price is just in the 16.5-17.5 range so there is no real incentive to take up the rights issue.
Reading the disclosure document it says that there is $2m firm commitment from the underwriter Enrizen. Its said Enrizen and Trent Franklin (Secretary of SVL) are related parties, so maybe Mr Franklin knows something we all don't?
Anyway hope silver prices can move towards the $USD19 then break the $USD22 mark in the next 3-6 months
I think there will be minimal takeup (less than $1m) from...
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Last
9.7¢ |
Change
-0.002(2.02%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.7¢ | $427.0K | 4.346M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 549082 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 31656 | 1 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| SVL (ASX) Chart |
