Although it's only a short-term solution, I assume it shows confidence of these major shareholders in the future of the company.
I particularly like that the warrants are set at 35c per share (while quite low, it shouldn't be driving the SP lower from here). The 8% interest seems to be justifiable.
Can someone explain the 1.5% facility fee? How does this work, does the company receive 8M-1.5% to start with?
Ultimately, the question is... what's going to happen between now and the equity raising in October?
Looking at this interim funding..... I assume that the SP is likely to go up from here.
Although it's only a short-term solution, I assume it shows...
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Last
$4.67 |
Change
0.020(0.43%) |
Mkt cap ! $227.9M | |||
| Open | High | Low | Value | Volume |
| $4.62 | $4.76 | $4.60 | $623.7K | 133.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4185 | $4.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.69 | 485 | 1 |
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| FND (ASX) Chart |