Interestingly Elders just raised about $100 million, if they managed to finance the remainder with debt, perhaps make an offer for .50 which would send it straight to .60 plus...
Furthermore, Morgans and Bell Potter underwrote it....who value WLD at .61
Elders recently stated: "The strong performance has enabled Elders to honour its commitment to simplify its capital structure in preparation for intended recommencement of ordinary dividends in connection with the 2017 financial year whilst enabling pursuit of growth opportunities”.
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