There would have to be some positive in with the negative of capital raising. They have already spent $5mill on more capital, so would have to be swimming in contracts to need another $10 mill for more product...
Surely they would announce a new large contract at the same time...
Dilution is minimal with $10mill put in. I know what would have happened if they didn't pay a dividend and used that for capex, would have dropped to below 62c so probably a good choice by the company to have a raising rather than no div....
Seeing the divy date is 26th September, do the new instos buying into the raising also get the divy????
Here's hoping there's more to it....
Geoff
Add to My Watchlist
What is My Watchlist?
