It does seem like they won't be taking up the last $10mil of their loan from WHSP and might even pay down another $10mil from the proceeds of this raising - AL doesn't like debt and neither he should, so I would expect a fairly rapid pay down to WHSP in total by next June.
The share price might be held at these levels until 13th - they know most retail won't be bothered taking it up if the current quotes are maintained.
Ann: DESPATCH OF RETAIL OFFER DOCUMENT, page-8
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $159.6M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $231.5K | 1.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 138197 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 136205 | 12 |
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| AIS (ASX) Chart |