At least they can raise money. And they did it in the worst week...

At least they can raise money. And they did it in the worst week in markets in years. As for the Bell Potter figure it is one that they have used for years. Even when Magnis were much higher. Which means it is a guess at best. If you take that figure as advice you shouldn't. Also I have said before that Magnis is the only company that has doen CR's higher than the last. Have a look at other companies Like TON, SYR, VRC and KNL. All have raised capital lower than previous raises in the last few years. Magnis is doing well imo.