WZR wisr limited
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Ann: Non-Renounceable Underwritten Rights Issue-DM1.AX, page-4

  1. Warnie
    17,319 Posts.
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    04/07/16
    08:08
    Post #: 18183264
    Yes if they can get a good prop from a major then it changes the whole dynamics.

    Normally, the bank will underwrite 90% of the ongoing loan book, you come up with the first 10% plus pay interest.
    So any bad debts (loan) your 10% is lost first.
    DM1 Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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