I have an opposing view to many on this site and as it's in trading halt can't be accused of just ramping
Anyone who felt they would sell more than around 20% was mad as were the very few who did not take up the offer
Also I believe the directors in imposing a trading halt until ex the capital raising date have protected some share holders against underselling their shares
The offer is exceedingly generous. Many of us used the low prices just before the halt to top up their holding knowing the 1:5 offer was going to happen
The agricultural industry in Australia is showing real signs of renaissance. Pity we didn't get our usual dose of rain this side of the Tasman but you certainly got our share and some
Although ex trading there will probably be a slight dip I don't think it will be too great. After all unlike with other capital raising exercises of late there is no need to sell down to buy ,as we have just received a cheque that provides that extra funding
NUF Price at posting:
$7.42 Sentiment: LT Buy Disclosure: Held
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