De facto cap raise, do you mean the 65M share issue? That was announced a while back to happen some time before Jan 2022 I think it was.
If the note holders don't want to hold on to all their shares then yes it could cause a bit of pressure on the SP. It would make sense to take some off the table.
They did receive US$155M or thereabouts in cash at the time, so not sure how desperate they will be to sell considering the hot lithium market at the moment.
Time will tell I guess, should be an interesting week ahead.
Tuesday 17/08/2021 - New shares being issued, page-46
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| PLS (ASX) Chart |