I think we would have a placement somewhere between $100M & 150M at 5.5 c each, then a 1 for 1 or 1 for 2 share purchase plan at 5c each. That gives bbi $300m to $500m cash injection.
How the market would react, it's hard to say.
I am hoping for a 12-14c open with 18c intraday high. After all BBI does have some good assets.
I think we would have a placement somewhere between $100M & 150M...
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