Bets off the table from the sellers today?
I sense the capital raising is on.
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1:15 at 1.25 is my guess.
So Percy says cap raise might be $700m
Balance suggests $113m
Horus a miserly $47m ...hardly worth the effort
Doesn’t seem that long ago they were crowing about having far too much capital and were going to give us some back.
Be hilarious if Jeff came out and said the Board considers the shares are far too cheap and the market doesn’t appreciate their growth strategy .....and announce a share buy back
Percy could well be on the mark - do a big one and be done with it. Can only see underwriters being prepared to do a 3:5 however myself so call it $250m via a heavily discounted 75c issue price.
There is definitely something in the air?
And it is not the smell from my brand new socks!
Bankers have always been slackers when it comes to getting to work on time.
Today is the day isn’t it?
My money is on a substantial capital raise. It will be just the detail that will be interesting.