RGT 9.38% 35.0¢ argent biopharma limited

Ann: Trading Halt, page-19

  1. 1,377 Posts.
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    Im guessing theyll go for the full 10% placement capacity. So, with shares on issue at 928m, theyll likely go for 92.8m shares, im guessing at around 8.2/8.3c which is a massive discount on the VWAP of yesterday of 9.73, but I think theyll struggle to get anything higher.

    So back of napkin maths:
    92,800,000 * 0.082 = $7.61m.

    I doubt they'll issue another options placement having already done so a year ago.

    This is pure speculation/guesstimate and IMO.
 
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