PEN 25.3% 6.2¢ peninsula energy limited

Silly question maybe..... SPP Offer, page-4

  1. 81 Posts.
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    Has any one done the maths to what the cap raise de values the share price?
    Surely not down to or anywhere near 50c
    I remember blue scope doing a 10% discount raising around 15 years ago and they stayed where they where investors made a quick 10%
 
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