UMike
Klutzing in Thai
- Joined
- 16 January 2007
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Is there a minimum holding amount to be eligible?
Is there a minimum holding amount to be eligible?:sheep::emp: Thanks for your analysis. I have purchased in 3 accounts to be eligible for SPP - in my name, my dads name and in my funds name.
Siempre you probably need more analysis of the company's projects itself, whether good or bad. that is fine.
UMike: Is there a minimum holding amount to be eligible?
Sydney - Tuesday - March 27: (RWE Australian Business News) -
Western Metals Ltd (ASX code: WMT) today announced a $25 million capital
raising.
"This capital raising is a significant step forward for Western
Metals as the company continues the implementation of an aggressive
exploration program," managing director Mr George Bauk said.
"All of our projects have comprehensive ground-based activities
planned and in progress, and we now have the funding in place to ensure
these activities maximise the probability of success.
"This funding also gives us the ability to accelerate successful
programs at the company's discretion," he said.
A placement of $17 million worth of shares at 24c each will be
made to clients of Tricom Equities Ltd.
This will see 70.8 million shares placed at 24c with attaching
1-for-1 listed options with a strike price of 35c, expiring April 30
2010.
The capital raising program is subject to shareholder approval,
to be sought at a general meeting to be held in early May.
Western Metals will also give shareholders registered on April 4
an opportunity to increase their holdings through a Shareholder Share
Purchase Plan (SSPP).
Under the SSPP, shareholders will each be able to purchase:
* 23,500 shares at 21c for $4935; or
* 14,000 shares at 21c for $2940.
The SSPP will raise up to $8 million through the issue of up to
38.1 million shares at 21c, taking the total amount raised to $25
million. The SSPP is not underwritten.
All this talk about Rampers. I have just joined I think if we can stick to the charts and the fundementals we can all benefit. I have attached my look on this stock and my plan always allows me sell half my portion at a profit of 20% or above if it still has the potentional to go up and keep the balance for my Target. I have bought 500K worth of this stock in and out from 2.5 cents and the last lot at 11 cents. Sold half at 14.5 cents and keeping the cream for my 16.5 cent profit target as attached. This is using the old Darvas Box theory. If it reaches that target I might only sell half again of my holding for the next run. Stick to that sort of plan rather than holding on to HOPE and you can make good money. However I don;t do that all the time only stock like this that have good support,, on balance volume and fundementals.
Kind re
ezyTrader said:So, is the SSPP an assured possible purchase for all shareholders?
ezyTrader said:And can any1 explain what the 1-for-1 listed option mean? Do I read it that it's only for the Tricom clients?
So, is the SSPP an assured possible purchase for all shareholders?
I'm thinking of offloading some of my current holdings to take on the SSPP... Does anyone have the same take on this? 20% discount?
And can any1 explain what the 1-for-1 listed option mean? Do I read it that it's only for the Tricom clients?
Isnt there the chance if you sell 5k worth of your stock that you wont get it all back at 21c if the offer is oversubscribed and applications are scaled back?
Im holding and not bothering with the offer.
Isnt there the chance if you sell 5k worth of your stock that you wont get it all back at 21c if the offer is oversubscribed and applications are scaled back?
Im holding and not bothering with the offer.
Well I got the details of SSPP in mail today and according to it you are entitled to participate if you are on the register as of 5pm april 4th (tommorow arvo). Does't that mean that you would have had to hold the shares as of two days ago? Ie three days to settlement?
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