Macquarie crosses funds for Pilbara Minerals raisingSarah Thompson and Anthony MacdonaldAug 28, 2019 — 9.31pmThere's more than one way to raise funds - just ask ASX-listed lithium play Pilbara Minerals.Only two days after telling shareholders it had been unable to find a buyer at an acceptable price for a half stake in its flagship Pilgangoora project, the $650 million Pilbara Minerals is expected to be cap in hand in front of investors with an equity raising.It is understood Pilbara Minerals' broker Macquarie Capital was seeking early backers on Wednesday night, ahead of the deal's launch.Pilbara Minerals is expected to ask for about $60 million via a placement of new shares. It's understood to be slated to launch as early as Thursday, which means the funds could be in Pilbara Minerals' bank account by the weekend.Fund managers are tipping a deal at about 30¢ share. The stock closed at 35¢ on Wednesday.
AFR: $60m cap raise at 30c, page-2
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 165878 | 22 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.18 |
Change
0.120 ( 3.20 %) |
||||
| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |