No real idea who would be worried about this cap raising, it was for a specific purpose and it's all relative to value as there is now no debt overhang.
There's is also now no pressure on time to contract, so management can now hold out for higher u prices instead if being forced to contract early in the cycle to refinance the debt maturity in 2023.
Smart move in hindsight and I'll personally just buy more to offset the dilution as I'm more comfortable now than ever as the debt was the bigger concern as the runway was getter shorter to when they needed to contract to sort it out.
If you think the u price is going higher, the current market cap is still very cheap even with the new shares.
No advice given.
Cap Raising on the cards, page-78
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Last
$11.66 |
Change
-0.170(1.44%) |
Mkt cap ! $3.487B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $11.89 | $11.49 | $34.10M | 2.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $11.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.67 | 6642 | 1 |
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