i mean when the company was performing well a few years ago, pre-covid, it traded around the 3-4 dollar mark. If, and it's a big if, they get back to those strong conditions without raising more capital, this would equate to something like 1-1.5 dollars post dilution.
Doesn't seem like a lot of upside potential from here to me.
Ann: Air NZ updates on capital raise timing and liquidity, page-219
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