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Ann: Fully Underwritten $40M Placement & Non-Underwritten SPP, page-4

  1. Exised
    6,907 Posts.
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    26/07/23
    10:55
    Post #: 68986217
    5c CR. Ouch!

    If this is the case then why CR? Why the CR at such a discount?
    https://hotcopper.com.au/data/attachments/5455/5455957-a49c1ba12a7d6e5abaadc4f7ec98af70.jpg

    45.7% discount is too large a price to pay to repair the balance sheet and working capital pressure.
    https://hotcopper.com.au/data/attachments/5455/5455968-c545ec30994cff11848a580f6f2b0d5c.jpg

    Not a happy SH. Sentiment updated from hold to Sell... A bit dark but plenty of room under this bus. Anyone else here with me?
    Last edited by Exised: 26/07/23
    PAN Price at posting: 9.2¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 20  Upvote
    lightbulb Created with Sketch.  Great analysis
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