You're 100% correct. There was no intent to do CR rather just an option as disclosed. It only become the most prudent option upon the impact of further red tape delays delays and subsequent predatory financier terms.
SPP is a non-event in the scheme of things if under or over subscribed.
of all the ASX chairs RSK understands better than most the impact of dilution and shareholder long term value.
General discussion, page-2371
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Last
$1.66 |
Change
0.005(0.30%) |
Mkt cap ! $426.5M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.76 | $1.65 | $785.3K | 461.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14388 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 2484 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |