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6,517 Posts.
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29/11/23
08:29
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RWD - Exclusivity deed ends 30th November 5pm (tomorrow) after two extensions.
Entitlement issue will fund the ~$22 million purchase of the Beyondie Potash Plant ($400 million spent on it to date)- see ASX ann.
So those holding shares will have access to fund the Beyondie purchase as the principal holder Dr Michale Ruane owns more than 40% of the register.
Market Cap of $18 million.
Around 250 million shares on issue - so tight.
Incentives clearly line up for those shareholders before the date.
Above is not financial advice and my opinion only.
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