The half yearly report said that $55m CR was imminent. So I think your right @Stoneology another raise will follow this one.
The majority of this raise us really just an opportunity to rollover/paydown debt.
Of the $12m raised at a 33% discount to current SP only $7.4 will flow through to Armour.
The cost of that raise in terms of dilution is pretty amazing.
I really like Armours portfolio but its hard to see past all the debt and raisings.
Is there a point, perhaps after the next raise, where Armour can pivot from CR's and start to focus on farm ins as a way of releasing capital? ( I'm assuming that the MOG demerger is off the table)
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The half yearly report said that $55m CR was imminent. So I...
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