The issue we have is at this low a MC it will af of fect how much can be raised. Say raising 20m at this level is a 40% dilution. Raising 20m at 100m MC dilution is 20% & so on. We have to give up a percentage of what We own of the company to add shares to the register.
raising 20m @ a 200m MC is far more palatable than raising 10m @ 50m MC. Divide the MC at time of sale by x amount of shares on issue.
What you could of had instead of what you end up with is the dilution effect of how much you raise at what level of MC.
Far better to raise a smaller percentage of the company at the highest MC possible.
- Forums
- ASX - By Stock
- IHL
- General discussion
General discussion, page-19270
Featured News
Add IHL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online