RES resource generation limited

announcement out, page-24

  1. 5,707 Posts.
    lightbulb Created with Sketch. 349
    So let's get a tally of who will be participating in the equity raising.

    I'm in two minds at the moment, I want to pile in but have no cash to do so. If I do it will be balls to the wall borrowing.

    With that said, it would reduce my average to 32c and I can offload a few when in rises into the 30's (whenever that is) to pay down my debt.

    I called the company today to get a clearer picture of where the funding is at. I was told that page 6 of the company presentation in the bottom left hand corner is the main summary.

    At this stage it looks like there is around 245 billion left to raise, with the potential of the CHPP to be leased. If not, the remainder will be debt and equity.

    I was told that it is not known if there will be another equity raising for the remainder as it depends on the pre-conditions of the banks doing the debt portion.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.