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9.09% 1.2¢ asara resources limited

The SPP was a nice present to the existing shareholders at the...

  1. Onceover
    2,458 Posts.
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    16/12/09
    10:32
    Post #: 6049931
    The SPP was a nice present to the existing shareholders at the right price, but low uptake won't do the company any harm: they have sufficient funds from the placement (already filled and issued), and it will leave the capital structure tighter than it would have been. They should be able to raise additional funds at a much higher price next year.
    GMR Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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