URL 0.00% 13.5¢ universal resources limited

It said "potential capital raising". So do they or do they not...

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  1. 289 Posts.
    It said "potential capital raising". So do they or do they not have a capital raising??

    Called the company today asking to clarify if the announcement was a capital raising or a financing package or both.

    They said, unable to confirm at this stage, wait for the release. So no help, keep fingers crossed for financing.

    At a guess, given all the buying recently, would the company who has possibly bought the shares want to front up with more, although a small, cash amount for a cap raising? Given the Capex for this type of project would amount to a few hundred million what would an extra 20'ish mill (552,000,000 * 0.036 (10% discount to close price)) from shareholders provide??? Interested in anyone thoughts?

    Wish they would get on with it, I hate this waiting game.
 
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Currently unlisted public company.

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