This CR will be positive for ACB right in the middle of the U thematic shift
U spot price moved another notch up overnight. Sprot U trust is buying more and more physical U and taking supply out of market. Supply up ramp is non existent in the short term as well.
Would expect major shareholders owning 90% of capital structure to take up stock in this CR to minimise their dilution. Macquarie will most likely participate in the CR as well.
A left field major or a chinese entity may also cornerstone this raising so lets see how things pan out
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