Hi Bay
An interesting theory and as good as any other.
I am focussed on the inclusion of 2 key words in the announcement. Placement. Bookbuild.
Consequently I don't think the company is responding to a specific approach from a particular insto.
I am speculating that the company has a total placement amount figure in mind and a number of potential investors are being approached and asked "How much do you want and what price do you want to pay".
That's my hope at least and that way @curiouswon might get their wish and the placement is done at a premium to the last traded SP.
If the total to be raised is at the 'smaller end' and is to be used as an operational 'buffer' then I think the prospect of a premium is reduced.
If the total to be raised is at the 'larger end' and is to be used to fast track expansion or operational capacity, then I think the prospect of a premium is increased.
Like your post though, mine is pure speculation.
Cheers
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6 | 482850 | 0.067 |
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Price($) | Vol. | No. |
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0.072 | 424306 | 1 |
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