WTM 3.33% 31.0¢ waratah minerals limited

Ann: $5m Placement to accelerate drilling at the Spur Project, page-13

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  1. 11,560 Posts.
    lightbulb Created with Sketch. 1680
    or the broker marking it up so they cap-takers can sell down when shares are issues. Normally the way.
    I am thrilled we have the money, but not sure I agree with those saying strong raise. They pushed it back from mid 30s to get it away down here.
    I suspect once shares come out we are back around the mid 20s price. But ironically being suspended for the cap raise has been a blessing as we probably would be well below here without one given what happened on the markets over those two days
 
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