Speculating on the mode of cap raising, needing up to around $50m, EAR has continually stated that debt funding is their focus. However, I suspect that it will be a combination of debt, placement and rights. Say half is debt, and the rest (some $25M) in issue of new shares. Of that, maybe $10M placement and the rest ($15M) in rights to shareholders.
If I am close to the mark (but maybe way out) then I expect 1:5 rights at say 15 cents. Resulting in shares on issue rising to around 700M, including placement
Other holders wish to speculate on this?
Speculating on the mode of cap raising, needing up to around...
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