Someone on the BM8 thread just explained to me these flow through raises, and they are terrible.... clearly!!
The institutional investors in Australian raises atleast want to get their money back. With the tax credits, i now understand how we can have an endless stream of sellers below the price they bought them at.
So funny that we all cheered when these Canadian raises became a thing, but they are a disaster for the SP short term!!!
Anybody got a rough estimate of how far through the $10m we are, or if any of these investors will be holding their shares?
I'm about to go through it all again in BM8 now... awesome
Ann: High Grade Intercepts Extend Mavis Lake Swell Zone, page-62
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