EVN 3.01% $3.87 evolution mining limited

Thanks Any views on the Institutional Offer? We read : "...

  1. 7,702 Posts.
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    Thanks
    Any views on the Institutional Offer? We read :
    " Evolution’s largest shareholder, La Mancha Group International B.V., has confirmed that it will take up A$60 million, representing approximately 50% of its entitlement, under the entitlement offer."
    I'm sure La Mancha had their reasons.....which could be many.....but I'd like to know what they were......
    Thanks again
 
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