The SLX announcement of 27 Feb 2023 (see HERE) shows at slide 19
It would appear that management hoped to raise A$120m but actually raised "The net proceeds from the placement and SPPwere $114.7m" (today's announcement pg 15) - this gives a shortfall of $6.3m. In slide 19 above it says that A$28m is set aside for ZS Si and MIST but that now they are expecting to fund (today's announcement) $16m - $5.1=$10.9m from "other" sources. My question is "is this funds in addition to the $28m set aside from the CR?" possibly making up some of the $6.3m shortfall on the CR or is this money going into MIST (i.e part of the $28m assigned to MIST & ZS Si less $6.3m). The other possibility is that the $28m above included "general corporate purposes" - what does this mean and where has our money gone from the CR.
I think a few questions need be riased
SLX Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
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(20min delay)