FML 0.00% 15.0¢ focus minerals ltd

capital raising announcement at long last, page-23

  1. 5,515 Posts.
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    I would hazard a guess & say the cap raising will be an issue to "sophisticated" investors and/or an institution (all in negotiation), plus maybe a rights issue (or SPP).

    If they weren't negotiating with someone, I doubt they'd need to go into a trading halt.

    I would also guess that the cap raising proceeds will go to speeding up developments, rather than being a necessity due to cashflow issues.
 
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