I get what you are saying. In the past, platinum's holdings prevented a broad capital raising.
now I would suspect a number in the top 20 would not be able to take up the shares. Some in the shadow top 20 (me) would not be able to take up offering.
if you want to see what happens with your scenario. Look up ASN. I sold 7.5 and then big CR at 6 cents. Now floundering at 5.8 and not looking secure at that level.
Ann: Quarterly Activities Report, page-14
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