A couple of points:
Positives:
- They kept the raising at a minimum to avoid dilution
- They are still expecting the agreement with the cornerstone investor to go through this month.
Negatives:
- it seems like the raising was at 12c per share. was expecting a higher value.
- The placement involves Shaws. enough said
Overall, better than expected so i think it will be positively viewed by the market. Now we need to catch up with Lynas!
placement
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