Hi mate,
That was my concern and I agree there will be a cap raise. The company has provided no details other than in the quarterly referring to a mandate being entered into shortly (in a small note in the cashflow report).
I was expecting perhps some news on JV partners so I'm assuming at the moment that's not on the go therefore rights issue? A placement will only raise 15% of share base so 13.5m at say 10-11 cents? Doesn't seem enough to me.
What do you reckon is likely to transpire?
JT
Ann: Board Appointment , page-8
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38.5¢ |
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Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 199119 | 38.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 15647 | 3 |
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