Australia's largest stock trading and investment forum Australia's #1 stock forum

RNO

Click for more information

0.00%

4.0¢ rhinomed limited

Yes, I suspect you're onto something.It sounds like a lot of...

First 12 Last

Share
Profile

Follow
aventurine

929 Posts.

205

07/05/20

16:09

Post #: 44492927
Share

Originally posted by mathowa: ↑

The ASX have a regulatory relief for listed companies for this COVID outbreak and is allow them to increasing the 15% placement capacity under LR 7.1 to 25%. RNO mention this "The Company requests two consecutive trading halts for the purposes of considering, planning and executing a material capital raising.." and that pretty much what is written in this article https://hallandwilcox.com.au/thinking/covid-19-asx-regulatory-relief-for-listed-companies/ Almost word for word.
At a guess they'll be aiming for 25% and could possible gain over $4m in this capital raise? Shame the SP is at 8C
I hope what ever they raise, will be used to help the company to get substantial growth and not wasted

Expand

Yes, I suspect you're onto something.

It sounds like a lot of dilution coming our way. Hopefully there is a very well concealed plan to advance things from here.

RNO Price at posting: 7.9¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

There are more pages in this discussion • 2 more messages in this thread...

First 12 Last

Add RNO (ASX) to my watchlist

SPONSORED BY