EQN 4.35% 22.0¢ equinox resources limited.

new years gift!

  1. 445 Posts.
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    G'day,

    It is unfortunate for existing shareholders that EQN has issued a further 22 million shares to the underwriters of the recent issue to cover over allotments. This means dilution, dilution, dilution and I wonder whether EQN really needs this extra A$20 mil. or is it a new years gift to the u/writers on top of their 5% fee!

    WJ
 
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