ZIP raised $217 mil (before costs) via a placement and did not have any problem raising the funds.
The costs? $50 mil, raised from shareholders, also without a problem, oversubscribed. $267 mil from a raise, plus $20 mil from cashflow, plus interest to date, totalling almost $300 mil, for a $150 mil loan for 6 months and left in a vulnerable position with a cash deficiency, before the cashflow report due tomorrow and before the FY24 results on 23 August.
Shaken down by the lenders, dressed up for a takeover or another capital raise to alleviate a looming cash deficiency?? Something is brewing and it won't be long
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9 | 320610 | 2.220 |
8 | 207003 | 2.210 |
12 | 244740 | 2.200 |
2 | 82477 | 2.190 |
Price($) | Vol. | No. |
---|---|---|
2.240 | 136951 | 4 |
2.250 | 405692 | 18 |
2.260 | 422401 | 24 |
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2.280 | 453041 | 16 |
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