As predicted. http://nzx-prod-s7fsd7f98s.s3-websit...734/329381.pdf
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As predicted. http://nzx-prod-s7fsd7f98s.s3-websit...734/329381.pdf
Yeap that's the one mate.
Now trading at a significant premium to NTA, closed at 75 cents and NTA ex divvy is just under 70 cents. https://www.barramundi.co.nz/ 7.6% premium to NTA. Hmmm
With the warrant exercise price at 70 cents and the current NTA of 69.7 cents, I see fair value for the warrants of not more than 4 cents and seeing as its a 1:4 warrant issue that explains about a 1 cent premium to NTA, not the 5.3 cents. I think the market is currently not pricing BRM correctly.
I cant find quoting for the warrants yet? Are they allocated today and listed tomoorow or similar?