Looks like a great outcome and showing a real vote of confidence in the quality of the asset! (those who keep talking about iron ore content high might as well say that all the buyers in China are stupid to stump up tens of millions to prop up a crappy asset?!).
Also, all those people who had been speculating on the cap raising price, now, who amongst those were just slapping their own faces?
Ann: Pilbara Minerals Equity Capital Raising, page-86
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