CEY 0.00% $6.16 centennial coal company limited

If my maths is right the $200 million could be raised via a 1...

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    If my maths is right the $200 million could be raised via a 1 for 5 issue at about $2.65-$2.70. Or less preferred a share purchase plan of 40,000 parcels (of about 1550 shares give or take per parcel) at $5k per parcel.

    What do they need the extra capital for?
 
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