standard discount on a raise is 10-15% on a volume weighted avg...

standard discount on a raise is 10-15% on a volume weighted avg price of 5-30 trading days. a discount incentive has to be offered otherwise investors would simply wait to buy shares on market

- in part the pricing reflects fact EVN was recently trading higher.

but primarily imo theyve used 3.85 because its in line the prior technical low, for a low risk and exceptionally high qual company

which is what makes it a sweet spot for launching pad and magnet for investors so long as gold stocks dont collapse entirely - and by doing the raise there they create a defensive line in the sand where instos should bid to soak more if it gets retested