STA 0.00% 9.5¢ strandline resources limited

Ann: Settlement of Senior Secured US$60M Bond Financing, page-15

  1. 9,303 Posts.
    lightbulb Created with Sketch. 1119
    Both the scale and price are unexpected.

    New Fosters report out, target 52 cents.
    http://www.strandline.com.au/irm/PDF/bbaf746a-86f9-4ec8-9970-6bca9e1bdf6d/FosterStockbrokingEquityResearchReportFundingcompletedfocusnowonconstructionSharePriceTarget052

    Note they were subunderwriter and they've been surprised by the extent of dilution against their original expectations.

    https://hotcopper.com.au/data/attachments/3073/3073228-fb596086d8d13949b3ad924aa0fc8dd1.jpg



 
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