Hard buying in a rising market..., page-14

Here are some calcs on the numbers around the SPP - please check for yourselves.

Share Price pre Announcement of Institutional Placement and SPP was $4.72 x 178.6M Shares = MC $842M.
24.6M Shares additional in Institutional Placement + approx 6M (max) from SPP = 30.6M additional shares in total.
New total shares = 209M divide by MC of $842M = $4.03/share. So all other things being equal (which they never are), the share price after the IP and SPP would be $4.03 due to dilution.

Price of shares in the SPP to be VWAP of 5 days up to and including the 16th of Sept, minus 2%. My calc of the VWAP for the past four days is $4.25, minus the 2% is $4.17. (doesn't include the contribution that monday's trading will bring)

Institutional Placement was at $4.40 (but also included the dividend of $0.09) - so $4.31.

So $4.17(ish) looks pretty good compared to the IP at $4.31.

Feels like short term there may be a dip in the SP but IMO the long term outlook is good. So to buy as part of the SPP or on market.....

DYOR as always.