On a closer look at the offering, it appears to pay down only a small portion of debt, at a low discount but material still.
Why not try to refinance instead of offering a 7% discount to shareholders and refinance once interest rates look to rise again?
I know it is easy to be a judge from the sidelines, but wondering if this is the first of more than one capital raise this FY.
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Last
$2.33 |
Change
-0.010(0.43%) |
Mkt cap ! $3.255B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.34 | $2.32 | $318.0K | 136.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 37509 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 44902 | 17 |
View Market Depth
| Last trade - 10.49am 29/07/2025 (20 minute delay) ? |
| NSR (ASX) Chart |