Although I have my doubts on GS's incentive to push hard for the best deal, the Board did try to cover this off in the Investor preso slide 9 'Capital Raising Pricing', referring to "slippage" in price. How ironic that the HCC and thermal spot price has worked against us in terms of being offered a retail component SPP. However, I'm not inclined to be overly negative given I see a lot of parallels to BDR earlier in year when the effectively locked out retail shareholders by raising $50M at $0.195.....to see plenty of retail holder spit the dummy and sell and then missing out a tripling of the placement price in 3-4 months. Indeed, the market reaction today seems to be telling us something. There now seems to be a clear path for BRL in terms of infrastructure, ability to wash and blend a superior product, protected margins in $NZ, low industry thriving and allow for additional positive cashflow from energy coal. Final thought would be to consider how BRL would have become an exporter without such a deal........it was always going to involve further dilution IMO.
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Last
80.5¢ |
Change
0.005(0.63%) |
Mkt cap ! $154.0M |
Open | High | Low | Value | Volume |
80.5¢ | 80.5¢ | 80.5¢ | $1 | 1 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 76.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.760 |
1 | 12000 | 0.710 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 1 | 1 |
0.820 | 31810 | 3 |
0.825 | 19408 | 1 |
0.835 | 14031 | 1 |
0.845 | 6538 | 1 |
Last trade - 13.46pm 29/07/2024 (20 minute delay) ? |
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BRL (ASX) Chart |