BLY 0.00% $2.91 boart longyear group ltd

may move up today, page-20

  1. 342 Posts.
    Fow,
    Institutions/underwriters are currently committed to a minimum 75% of the capital raising(Excluding the A$ 15000 SPP),
    retail investors MAYBE committed to a MAXIMUM 25% if they take up the entire retail component of the offer.



    So it is more in the interest of the underwriters/institutions to ensure as far as practicable that the sp is maintained as high as possible as there interest is a MINIMUM 75% of the capital raising.

    DYOR
 
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