They're raising about 20% of market cap in new capital, at a 30% discount. The current register is like 95% retail, and the new issuance is like 90% institutional allocation. So you're losing about 5% in dilution, which you wouldn't have lost if they raised the capital differently. Put another way, ~$500 on every $10k owned was transferred from your pocket, to a client of Bell Potter's pockets.
DRO Price at posting:
98.0¢ Sentiment: Hold Disclosure: Held
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