I dont know of course but i suspect strongly that the banks "suggested" the capital raise at least in part because of the downside risk from the hedge if BGL had a production shortfall. I suspect the banks wanted money up BGLs sleeve on the balance sheet for that exact eventuallity.
But of course they now have their money for that risk coverage and they raised it at $1.55. So to me a share price of $1.28 looks cheap and i suspect its low because of negative sentiment overhanging from the capital raise.
I dont know of course but i suspect strongly that the banks...
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Last
$1.27 |
Change
-0.010(0.78%) |
Mkt cap ! $1.619B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.447M | 7.441M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26512 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 63228 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BGL (ASX) Chart |