RAI 0.00% 2.3¢ raisama energy limited

Ann: Extension of Share Purchase Plan Closing Dat, page-18

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  1. 6,756 Posts.
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    re: Ann: Extension of Share Purchase Plan Clo... Yes those selling today are from the placement at 9c - no SPP shares have been issued yet and scant few would have been applied for by retail investors as yet.
    And yes they need to be able to drawdown the loan facility before declaring FID - I hope they haven't been conned with this facility as they've already paid a $1.5mil upfront fee for it - the time lag is becoming troublesome so let's hope for good news next week.
 
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