NWE
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0.00% 5.6¢ norwest energy nl

shortfall from rights issue

  1. TerryA
    1,261 Posts.
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    14/12/11
    12:40
    Post #: 9438063

    In round figures 30.5 million were subscribed leaving the Underwriter with a short fall of 66.5 million shares.

    To me this is a very disappointing result and I beleive that the Underwriter will be unlikely to hold their shares for very long.

    We need some positive news for Arrowsmith to provide a measure of support.

    Best wishes,

    TerryA
    NWE Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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