Nolly, I wonder at the decision to raise all of the funds from shareholders only. Is it their generosity to shareholders OR couldn't they get support from Insitutions and sophisticated investors. A much more expensive exercise for the company this way and if it is not underwritten then they may still be left with insufficient funds for the near term.
On the positive side, they will probably try to feed out some good news to encourage shareholders to take up their shares.
We could all do with some positive announcements as the price has fallen badly.
cap raising, page-5
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