How many other investors tuned into the Investor update? OMH management are well aware of investor concerns about a capital raise for the CMSB 25% stake purchase and have now indicated that the US$120 million will be funded by cash in the bank and some bank finance.
Might explain why so many buyers today are taking out the 63c seller. Picked up a few myself too.
Adrian was very upbeat on 2022H1 results and the new floor for alloy prices due to higher power costs for other producers.
Ann: Investor Presentation - 10 August 2022 9.30am WST, page-2
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