DVN 0.00% 23.5¢ devine limited

wow that's a punishing new issue

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    $12m placement at 25c and then 3:4 rts @ 20c. Wow that is going to hammer the share price. May be a good entry around low 20s which would be half of it's share price in March 09 at the peak of the crisis.

    Any views?
 
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Currently unlisted public company.

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