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8.1¢ renascor resources limited

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grantm8

90 Posts.

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17/01/22

20:16

Post #: 58928847
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Originally posted by jasonken17: ↑

Could I ask from those more experienced in these early stage projects, when funding for the capex is required and the equity raise portion occurs, generally how are the equity raises structured? Clearly its in the company's best interest to get the share price as high as possible beforehand and then announce an equity raise, I assume its a non renounceable rights issue for existing shareholders, but are they at shallow or deep discounts to SP at the time? With RNU you would suspect it would be reasonably tight discount, but is there a usual range say 5-10%, 10-20%.

Just curious.

I mean if you have $X in remaining funds you want to invest in RNU, is it better to i) buy now at 28.5c, or ii) wait till the equity raise is announced at which point the share price is 40.0c and the rights discount is 20% resulting in 32.0c shares being issued.

Given the likely continued trajectory of the share price (particularly when upcoming announcements made), then it seems to make sense to buy now at today's price, notwithstanding the dilution of your holding upon issuance of rights shares given you can't participate as you've expended your funds.

Any thoughts?

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wouldn’t be counting on a rights issue

RNU Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.1¢		Change -0.001(0.62%)		Mkt cap ! $205.8M

Open	High	Low	Value	Volume
8.3¢	8.3¢	8.0¢	$107.7K	1.333M

Buyers (Bids)

No.	Vol.	Price($)
11	364593	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	179761	6

View Market Depth

No.	Vol.	Price($)
11	364593	0.080
12	676843	0.079
7	255516	0.078
2	106000	0.077
2	23167	0.076

Price($)	Vol.	No.
0.081	179761	6
0.082	64076	3
0.083	150759	2
0.084	92013	2
0.085	257474	6

Last trade - 12.33pm 07/08/2024 (20 minute delay)

RNU (ASX) Chart