Will be interesting to see if either major investor parties take up allotments during the offer.
Was maybe expecting to see CN converted by Malaysians to take up entitlements if they were committed. This would take their interest to around 9.4% of SOI on new total.
would also add another 320k to current Cap raise.
Canadians would drop some % if this happened even if they took up full entitlement would leave them with around 7.3%.
No announcement yet so maybe CN's remain unconverted & still hanging around our necks. Would be good to get them done with, as they are a hangover from before restructure & never look good on balance sheet.
Directors intending to take up some or all of their entitlements is not as convincing as Directors intend to take up their FULL entitlements so will have to wait & see their level of committment.
Currently i will be taking up my entitlement but leaving a decision on shortfall to see if anything plays out during the month.
Cheers
Pickle
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