Looks like the capital raise results have been announced. A 1 for 1 entitlement at $0.40, minimum raise of $50m. An attaching 1 for 1 option at $0.40 complicates things a bit so I used the Black-Scholes formula to get a rough value on this, which is ~$0.07. That makes the true cap raise price $0.33.
![https://hotcopper.com.au/data/attachments/4367/4367242-145f20ed7dfed683842910f1eb075f9f.jpg](https://hotcopper.com.au/data/attachments/4367/4367242-145f20ed7dfed683842910f1eb075f9f.jpg)
Congratulations to
@nickster on getting the closest guess, was actually very close. I will be following you in perpetuity to glean more of your insights, and you have earned my eternal respect.
![https://hotcopper.com.au/data/attachments/4367/4367262-871c1ed355ef8ade4a37d6718474277d.jpg](https://hotcopper.com.au/data/attachments/4367/4367262-871c1ed355ef8ade4a37d6718474277d.jpg)
Commiserations to
@BackTheTruckUp for the worst guess of the lot, obviously I will be taking your insights with a grain of salt from here on
![wink.png](https://hotcopper.com.au/images/smilies/wink.png)