Nice move up by YBR today on the strength of that share placement at 70 cents. Closed with a s/p gain of almost 13%
Macquarie Bank stumped up $10 million to grab another 7 million shares at 70c .... Macquarie now has 14.9% of the issued capital of YBR and that smacks of a strong vote of confidence in YBR's future.
With Chris Ellison spending another $3 million to acquire an additional parcel at 70c via the placement that gives YBR an $18 million war chest to "accelerate growth initiatives"
Interesting times ahead for YBR and its shareholders methinks.
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Nice move up by YBR today on the strength of that share...
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