My thinking on a potential cap raising having been through the AIO saga is as follows:
Shares to run to high 30's
Cap raising at 30c on a 1:1 rights issue
Raise approx 400-450m which will reduce debt by more than 50%
Then there will be 3 billion shares on issue with a price target of $1.00 gives them a new market cap of $3 billion which is still short of where they were. I thinks its feasible.
My thinking on a potential cap raising having been through the...
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