DLS
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0.00% 69.0¢ drillsearch energy limited

cap raising

  1. bevter
    26,032 Posts.
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    12/09/09
    18:59
    Post #: 5634546
    Why would anyone think Beach would participate in a cap raising at anything over 3c, or rather 1.5c if it is on a 1:1 basis? Their stated view is DLS is worth ONLY 3c. With a dilution factor surely it is now worth ONLY 1.5c to Beach.
    For the record, I'm out
    DLS Price at posting: 68.0¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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