Seems holders are in the 2 camps, glass half empty or half full.
The good news is company could raise such a large $ amount with customers participation.
It buys time to try to weather the falling Spod prices.
Safe to assume the battery holders are not trading their shares for a quick gain.
The bad news is the dilution and potential overhang of additional shares that may be monetised for a quick gain by the Insto placement.
SPP will tap out more holders looking to add.
Max 15K typical of SPP has been doubled. Doubled so great for those wanting a bigger slice but why the opportunity?
ST in theory will have weakness in the SP, Will the Insto chunk be holding or flipping for a quick gain at the next rally?
I make it $111.5M total projected raising, is that correct?
Ann: Pilbara Minerals Equity Capital Raising, page-122
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