Ummm, maybe they wanted a raising because the implied cost of secured debt taken out by GMG at present is 15% p.a.!!!
Talk about a shocking deal.... real lender of last resort stuff. Why didn't they just go to ANZ at get $500m at 7%... why? Because it ain't there... even if secured! Rightly or wrongly, GMG is right up against it. I hope it makes it, but unlike the karasco's of this world, I value my sleep and prefer not to worry.
GG didn't raise because he can't afford his share - and he doesn't want to hand over the keys.
He may soon have no choice.
Covered for today - very nice session
Good evening!!
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Last
$35.57 |
Change
0.110(0.31%) |
Mkt cap ! $67.55B |
Open | High | Low | Value | Volume |
$35.74 | $35.88 | $35.28 | $97.05M | 2.727M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5883 | $35.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.58 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31 | 35.050 |
1 | 450 | 35.010 |
4 | 1305 | 35.000 |
4 | 1468 | 34.800 |
2 | 351 | 34.750 |
Price($) | Vol. | No. |
---|---|---|
35.780 | 150 | 1 |
35.800 | 37 | 1 |
35.820 | 500 | 1 |
35.830 | 1000 | 1 |
35.880 | 1913 | 2 |
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