I don't think I've ever seen a CR discount be 30% of VWAP so I'd say quite unlikely. 15% or maybe 20% I could see and I'd be surprised if they try to raise more than $5m.
The logical play is to do a small raise - enough to get them through to sales cash injection and satisfy the agreement before any NFWG announcement (in case it's bad) but not so large that it looks like a giveaway if the NFWG/Trump action happens and it pumps the U price or SP.
I don't think I've ever seen a CR discount be 30% of VWAP so I'd...
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10.0¢ |
Change
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Mkt cap ! $318.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 9.9¢ | $2.282M | 22.18M |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 700639 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 982989 | 17 |
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