Its bad but not too bad in regards to this specific raising. Keith has done a good job here.
One point is that funding is secured hence financially derisked (which is the cause of the price pause on the SP)
Two is that the funding is secured from European investors which gives exposure and less stag profit takers as compared to raises locally ie pattos,.. etc
I expect prices to settle and then movement northwards soon.
FA is a great story.
Disappointing, page-8
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