Details out - for holder it is a 4:1 non renouncable rights offer.
Interesting thing in this is the detail that the record date will be 12 November. Normally that would indicate a suspension of trading on the stock until next trading day - 15 November, by which time the placement shares will be done and dusted.
Looks like an orderly cap raising with a slightly better deal for existing holders than instos.
All in all, not a bad result.
DML Price at posting:
$1.20 Sentiment: LT Buy Disclosure: Held
