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5.4¢ byron energy limited

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hombre cara

28,991 Posts.

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19/07/17

14:03

Post #: 25957725
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Originally posted by stumpytrunks ↑

Including some working capital you'd need 8-9m. On current market cap that is essentially a 1:3 cap raise. That is prior to any discount. Realistically you'd be looking at up to 40%dilution once discounts are factored in. I'm not sure exactly what $$$ have been spent so far in total, but I have a feeling that giving up a 10% stake (20% of BYE's share) would lower the risk whilst also diluting existing holders less. Really comes down to how any cap raising was performed.

A placement to sophisticated/institutions would see all holders essentially diluted, and worse off than a farm out. A rights issue would see no net dilution to holders taking part, but would be unlikely to be taken up in full due to the scale needed. A farm out would see future revenue lost, but preserve the capital structure. Downsides to everything. Personally I'm hoping for a MEL farm-in as that's where my interests are - but they only have 10m in the bank thanks to a stupid return of capital - so the risk gets quite high that point, given that MEL have already funded the convertible note for the same project.

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A placement @10c ...80,000,000 shares...future buy back ?

BYE Price at posting: 9.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 5.4¢		Change 0.004(8.00%)		Mkt cap ! $58.25M

Open	High	Low	Value	Volume
5.1¢	5.4¢	5.1¢	$12.54K	236.3K

Buyers (Bids)

No.	Vol.	Price($)
3	201042	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	13740	1

View Market Depth

No.	Vol.	Price($)
3	201042	0.055
1	64016	0.053
2	162166	0.051
1	45218	0.050
1	20000	0.048

Price($)	Vol.	No.
0.059	13740	1
0.060	256241	3
0.063	65000	1
0.065	100000	1
0.070	160000	3

Last trade - 10.19am 06/06/2024 (20 minute delay)


Last 5.3¢			Change 0.004 ( 6.00 %)
Open	High		Low	Volume
5.2¢	5.3¢		5.2¢	31012
Last updated 10.15am 06/06/2024 ?

BYE (ASX) Chart

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