There has been a lot of speculation on this forum, however I have failed to see anyone mention the general mechanics associated with an equity capital raising.
Typically a company will not announce a capital raising unless they have some broker support for the issue. The reason for this is that the company can lead themselves open to a complete collapse in their share price if they are not backstopped by a broker. So a broker will commit to underwrite an issue at a specific price in return for a fee.
Therefore in summary could Lynas's lack of capital raising announcement (despite their own auditors calling their viability as a going concern into question), simply be that IMO they are unable to find a broker willing to take the underwriting risk of such a transaction?
lynas unable to raise equity?
-
- There are more pages in this discussion • 73 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.30 |
Change
-0.050(0.79%) |
Mkt cap ! $5.888B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.35 | $6.29 | $13.31M | 2.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10973 | $6.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.31 | 14462 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |