There will not be capital raising, they would have done it as part of the last transaction. They can easily repay the bridging loan out of cash flow.
But If they were to double the amount of shares on issue at say 10cents the share price would fall to 10.5 cents from 11.5 cents and we would lose some of our very high leverage to the upside going forward. It would be a debt for equity swap.
In the next week we will get confirmation of no capital raising, confirmation of strong cash flow and confirmation of the low interest rates it is paying. Should set up a quick move to around 20 cents...
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