NML 0.00% 1.9¢ navarre minerals limited

Ann: $4.5M raised to accelerate drilling at Mt Carlton, page-9

  1. 12,584 Posts.
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    It's a small capital raise. The finance costs at 3.25% are modest in comparison to ther raises.

    For me to maintain my relative share of the company I only need to invest $2k

    The discoumt seems a bit high at 16% but the overall raise is only for a 8.8% increase in the overall equity base.
 
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