Definitely a Capital Raising. Take a look at page 2 of the trading halt announcement. Share price will pull back on this ... probably back to 7.5c. I think that they can dilute up to 15% before requiring an EGM so if we assume they want to place 36 million shares @ 7.5 c they can raise 2.7 mio in cash. That'll help Promontorio along.
Price probably settle around 9.6c I think.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Definitely a Capital Raising. Take a look at page 2 of the...
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)