dilutionrisk

ASX:NFL

NORFOLK METALS LIMITED
Snapshot 03 Aug 2026 · 8 instruments
The verdict
If everything converts, today's holders own 70% of what they think they own — and supply worth 10% of today's float can arrive within 12 months.
Where the supply sits
On issue today100.8M
Options & warrants39.1M
Performance rights3.6M
Fully diluted143.5M
Supply ladder · by strike
62% of dilutive supply is free or already in the money.
Free / no strike
26.6M
Within 2× spot
6.1M
Beyond 2× spot
10M
When it can arrive
Q4 26
6.9M
Q1 27
3.1M
Q2 28
500K
Q3 28
5.6M
Q2 29
49M
Unknown
78.6M
Overhang vs spot
26% of basic is already in the money at today's spot.
10%20%30%spot26%
$0$0.172$0.345
Who holds it
100% of the paper has no identified holder.
Unknown 100%
Register · 8 instruments
Option
free · no expiry
23M
03050698
Option
$0.200 · exp 28 Sept 2028
5.6M
03045681 +1
Perf right
free · no expiry
3.6M
03045681 +1
Option
$0.250 · exp 14 Mar 2027
3.1M
02957955 +4
Option
$0.250 · exp 10 Oct 2026
2.9M
02957955 +4
Option
$0.250 · exp 18 Nov 2026
2.5M
02957955 +4
Filings · 0 shown
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