I find it funny reading the posts on this forum and people saying the equity raising will be at a PREMIUM to last close. The only way that can happen is if its given to a strategic investor. If its a standard equity raising to insto's and retail clients of a broker then it will ALWAYS be at a discount to last close. So Pied Pier: sorry, but it won't be at a premium to last close. I would guess a rights issue and a 31 - 32c price.
And I am not trying to bring anyone down. I want you guys to make money out of this. I am just giving the facts.
Ann: Trading Halt , page-31
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