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1.69% 5.8¢ black rock mining limited

Ann: Trading Halt, page-19

  1. MSpark
    89 Posts.
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    04/05/22
    11:20
    Post #: 61193742
    Another explanation could be that JD does not want to dilute existing shareholders to raise the entire required equity portion at these prices. Instead, raise half now, get some more runs on the board, firm offtakes & finance, order long lead equipment etc and then come back in a couple of months when share price is >30c... Potentially underwritten rights issue for the remaining
    BKT Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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