VRX 5.00% 4.2¢ vrx silica limited

Ann: VRX Reprices Fully Underwritten Entitlement Offer, page-31

  1. 10,602 Posts.
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    I still guess it will all be down to the sub-underwriters.

    Being machiavellian about it, if they have demonstrated (by the doubtless weak take-up of the offer) that the raise is totally dependent on them, Bruce and Cannacord are over their barrel, so they have reset their terms. If the sub-underwriters are Sparta, say, and like thinking others in the T20, it may just bring about some changes.

    I'm inclined to be in for as much as I can get. But I'd sold down to very little earlier this year, so it won't be much. And I still have to regard it as a binary EPA go/no go, so happy not to be too heavy in this. Good luck to you guys with more hefty positions.
 
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