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15.0% 1.7¢ opyl limited

Ann: Opyl - Completes Capital Raise and Launches SPP, page-2

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  1. LowryMike
    385 Posts.
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    30/03/21
    12:21
    Post #: 52138995
    This is a bit confusing - the ann. says 11m retail shares will be issued, in addition to the 9.2m already placed.

    But, the announcement suggests the SPP will only raise $200k ? 11m = $1.65m

    A total of 20m+ of new shares would be a massive increase on the 36m already in play.

    I'm taking the SPP, no doubt - but wondering if the dilution is 10m shares, or 20m shares (huge difference).

    Any thoughts anyone?
    OPL Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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