They will not be doing a capital raising!!. They will have more than enough cash flow from operations. Hence the bridging loan is now s-t unsecured debt, awaiting the cash flow.
Take a look at CHK (US). A big transaction overnight underpins the valuations in the region!!!!!.
With such a tiny amount of equity, the shareprice is strongly levered to the upside.
GL
They will not be doing a capital raising!!. They will have more...
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