Dorado Sell Down to Fund DevelopmentCapital raise...

Dorado Sell Down to Fund Development
Capital raise done.
Disappointing that there wasn't a retail component, either SPP or rights
Would have been much worse if Pavo was a duster - so thank your lucky stars.

Sell down to come according to announcements, and sounds like it could be imminent.
Pre-or-post Apus result is the question..
Deal price should give a look through valuation for CVN which shouldl be interesting.

Based on offers they received, they may have decided to hold onto a larger chunk of Dorado by doing a Capital Raise.
In other words, current shareholders are better off with the CR dilution and holding onto a bigger slice oi Dorado
rather than selling a larger interest in Dorado with a smaller or no capital raise.

Sell down price may allow us to answer that question..