RE: Tecx11 Nov 2024 19:17
@Tro, it's printed on time, so no indication of a delay, within the published spread, and listed as an ordinary trade,,So a buy..... But it could have been what helped the price drop as it was filled, and if ordered at the beginning of the day it could be a sell...
Its a big junk of the concert group.....
The biggest member of the concert group, doesn't get all its share yet...
WestMarket
21,443,579. 23.8% of enlarged holding on re-admission
31,500,000 performance shares
14,762,336 loan
Total 67,705,915 44.3% fullyy diluted holding( but there appears to errors with percentages)
Page 190
These account for roughly 30% of the fully diluted holding, near half of the concert groups 61.6%(fully diluted)
Loan
14,762,336 New Ordinary Shares may be issued at the election of the Company two years following Admission.( unless there is a clause somewhere else in the doc)
Performance
A maximum of 31,500,0000 New Ordinary Shares may be issued subject to the following milestones
i) Material increase in the Mineral Reserve Estimate (6,500,000 New Ordinary Shares)
ii) Drilling at Hussar (15,000,000 New Ordinary Shares)
iii) Drilling at Mt Winter (10,000,000 New Ordinary Shares)