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!!
ml daily fix, page-23
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |