I like the positive speculation around what the CR is for.. however the obvious hasn’t been stated..
In my opinion it will be a raise to ensure they have enough working capital to get them through covid wave 2 that is unfolding..
Ive seen this happen in the last week with other securities I’m invested in.. DRO is a classic example..
If I was a CEO in a new financial year, with a continued escalating pandemic and the ability on the back of recent good news to raise capital a good price point, I would..
I wouldn’t be resting on my heels to be caught with my pants down, considering the covid anomaly drove world markets down in April, imagine having to cap raise on that vwap..
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