Entitlement offer not underwritten it would appear - that could be disastrous, especially for the share price.
I'm wondering if the real reasons have been given for this raising - or does it have more to do with the fact that they expect to lose the case to the Qld environment dept early in 2021 and have to increase their enviro bond by $30mil or is there a problem with sales orders/shipments this quarter.
Ann: NCZ to Reduce Secured Debt by Over 50% Through US$25m Raise, page-3
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