Non underwriting for SPP is the Retail side - "In addition to the Placement, the Company will offer eligible existing shareholders the opportunity to participate in a non-underwritten Share Purchase Plan"
No lack of confidence from sophs, they will take up the full issue (IMO) -
"Commitments received for a placement to raise gross proceeds of approximately US$16 million (approximately A$25 million) at A$0.10 per share (US$0.065)
• Strong commitments from new and existing shareholders, including a number of high quality offshore and domestic institutions, reflecting the world class nature of Rhyolite Ridge "
INR Price at posting:
10.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)