ARL 6.25% 37.5¢ ardea resources limited

Ann: Successful A$21.5 Million Capital Raising, page-21

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  1. 412 Posts.
    lightbulb Created with Sketch. 45
    Greetings all,
    I was uncertain about the fundraise, and didn't see a good reason for it apart from opportunism. Many of us saw what a discounted placement did to GRL. let's hope we don't have a repeat of that. As it stands right now, with the dilution of shares and the price drop, we're all about 25% poorer.
    I'm long on ARL, and appreciate the team very much, but I'm not sure about this.
    BE
 
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