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I do wonder if they will try and sell us on the options...

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Greenyates

811 Posts.

145

07/06/23

19:12

Post #: 68181445
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Originally posted by awg801: ↑

In August 22, the trading halt announcement read:
The trading halt is requested pending an announcement by the Company in relation to a capital raising (Capital
Raising).

In June 23, the trading halt announcement read:
The trading halt is requested pending an announcement by the Company in relation to a Capital raising (Capital
Raising) by way of an Entitlement Offer.

Should anything be read into the change in communication? Are they only going to existing shareholders? There has been no soph leak I am aware of. The last CR was 10mths ago ($5m + $5m SPP - i.e., dilutive). This time, they are going full entitlement - non dilutive. They will need to raise a fair bit as they will be looking at another year of operation and scaling. $10-15m = perhaps 1-4, 1-3, 1-2 entitlement.

I hope there is a compelling case for CR participation. Should have keep my power dry for this one, not the Aug 22 one.

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I do wonder if they will try and sell us on the options again....we shall all know soon

RFX Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
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