" ..Contrary to speculation by some, we do not have plans for a large placement to fund the CGM reinstatement. We have been approached by multiple credit financiers interested to fund this exercise and, consistent with our longstanding practice, our next placement opportunity will honour ourexistingshareholders..."
I am supposing that a cr is coming soon, the only questions being - the mix between equity and debt (if any) - the possible retail component - the discount or premium of the raising - what happens if the pog continues to slide
Note that a placement refers to a method used by a listed company to raise capital by issuing new shares to a select group of investors, typically institutional or sophisticated investors, at a fixed price. Suspect that Retail may, this time, have the option of a full allocation of up the $30K at a small discount, say 65cps
BGD Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
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