that too was my previous view on a potential pre deal cr, but since the dec qrtly im a little more receptive to it (though still would have preferred otherwise).
with cash down to 1.6m (which is ~0.5m lower than anticipated based on the sep qrtly - im interested in where that went, possibly some of the long lead items?), and the sp now having sustained 0.20 for a bit, it was a prudent move for a small cr (under 6%) given that it was only at a ~5% discount to last trade and at the same price as last years spp.
this will hopefully project a stronger hand in negotiations and eliminate the risk of a heavily dilutive cr at rock bottom prices if the deal drags on or falls through.
- Forums
- ASX - By Stock
- Ann: Share Placement Raises $2.4 million
that too was my previous view on a potential pre deal cr, but...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GUN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online