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
73.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $139.6M |
Open | High | Low | Value | Volume |
70.5¢ | 73.5¢ | 70.5¢ | $216.0K | 296.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
69.0¢ | 1827 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.740 |
2 | 80000 | 0.730 |
1 | 9500 | 0.725 |
1 | 2000 | 0.710 |
1 | 7200 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.690 | 1827 | 4 |
0.730 | 754 | 1 |
0.735 | 1320 | 1 |
0.740 | 5258 | 2 |
0.750 | 2000 | 1 |
Last trade - 15.26pm 04/09/2024 (20 minute delay) ? |
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BRL (ASX) Chart |