$5m at 20 cents - a 5% discount, and over subscribed by institutions. Not a bad result. And the institutions are now bound to continue buying/supporting at these levels. This should provide a bottom support. I think we've now seen 'rock' bottom at 19.5 cents!
A shame current shareholders we not involved. Guess they would have had to provide a 'bigger' discount to us to make it worth while and then would have provided more uncertainty.
If this is the last of the capital required it now game on...
Gus
$5m at 20 cents - a 5% discount, and over subscribed by...
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