Ann: Raises $4m to fund start of high-grade graphite production, page-36

First 36 Last

Share
Profile

Follow
insaf

7,689 Posts.

399

11/10/15

23:53

Post #: 16155186
Share

Originally posted by heraclitus ↑

Actually, small shareholders tend to be a lot more capricious than large, strategic investors, who, by definition, are in for strategic reasons, rather than a quick trade. They also have a much larger position so it is difficult to dispose of their holding and more times than not they have done considerably more due diligence on their investment than small retail investors. I've got no problem having a tight register with the T20 owning 70%+ of the listed shares. Additionally, all shareholders were given an opportunity to participate in the SPP @ 5.5c and the uptake was poor. The on-market price leading into the closing date didn't particularly favour 100% uptake but therein lies another reason why institutional and sophisticated investors are a more efficient means of raising capital. They don't quibble over a couple of ticks because they know that trying to buy that many shares on-market would lead to a big price rise.

My one and only complaint with this raise is that I can't currently see how it is in shareholders' best interests to raise $4M now, rather than, say, $2M now and $2M later when, hopefully, the sp is a fair bit higher. But I'm also prepared to reserve full judgement until more is revealed and give mgmt every compliment if there is more at work behind the scenes that regular shareholders aren't privy to.

Expand

I think in capital raisings, at time the company will be the dominant partner in the raising wheras at other times it is the instos. In this it appears the instos held the cards.

MRF Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 3 more messages in this thread...

First 36 Last

Add MRF (ASX) to my watchlist

Ann: Raises $4m to fund start of high-grade graphite production, page-36

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects