ASM australian strategic materials limited

I think they may be lucky to raise $30m at a 12% discountTake a...

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    I think they may be lucky to raise $30m at a 12% discount

    Take a look at their register breakdown in the presentation….only 13% institutions.

    If Gandel doesn’t participate, then either they some very large new instos or it may not close. Surely he does, or no insto will want to either

    When it has been consistently falling from $11 to $2, many instos will be wary of trying to pick them bottom. Especially as their has been very limited guidance on costs and not too much in the way of customers

    At these moments, having a register that is +50% insto is really important


 
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