If the CR amount was the full $130 debt payment, I think A2M would only need to stump up about 20% of this in order to avoid dilution of its stake. That'd be around $26M. Unlikely to have any material impact on the SP. Just think how much A2M has lost already via the deteriorating value of its SML stake.
However, I seem to recall reading somewhere that the full $130M couldn't be raised via CR, but can't seem to find it now or what the reason for that was.
Chart Update, page-24820
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Last
$5.77 |
Change
-0.130(2.20%) |
Mkt cap ! $4.171B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.91 | $5.77 | $8.457M | 1.452M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12297 | $5.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.82 | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |