Originally Posted by
ronaldson
Announcement and Capital Change Notice now filed. Retail raise included acceptance of all oversubscriptions, raising $8.2m, so now almost 270m shares on issue ( from tomorrow ). Ohaupo acquisition completed on 5 August, with the balance of funds raised no doubt applied to repay borrowings, at least in the near term - bank debt was $24.5m as at 31 March, so will at least mitigate interest liability with immediate effect.
Share price now $0.55 so approaching the capital raise price. Doesn't appear to bear any relationship to the so-called theoretical ex raise price of 76.6c when the overall raise was first announced to the market. Me thinks much wishful thinking/window dressing involved. Still believe SP will reach low 60's in the reasonably near term when the market has digested these events and the early sellers have been placated.