Most capital raisings have tended to have a sizeable negative impact on the companies implementing them recently.
But if ROC can raise the cash from the instos, at a price not to far off the last sale at 90c, it could be the catalyst for a short-term re-rating.
Here's hoping the raising is at no less than 80c, although 60c appears more likely in the current environment...
Cheers
Ann: ROC Announces Equity Capital Raising , page-7
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