Do we get an entitlement for the ones not taken up
No, they are sold via a bookbuild - amongst the instos, I presume. Net proceeds, and there should be something, to go to those who didn't take up their entitlements.
Blackpeter, are you saying aluminium production is an unsustainable industry or just that the nz smelter is not sustainable
I was referring to the aluminium smelter in NZ. Does not make a lot of economical or environmental sense to transport aluminium ore over long distances (I think from Australia) to smelt them in NZ with taxpayer subsidised electricity and ship the product subsequently overseas - doesn't it?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Rumour has it RetireAustralia getting closer to being hocked off.
I wouldn't be surprised
Well done IFT. Very quick & clean capital raise.Trading halt lifted promptly so there must have been plenty of interest.
Lets see what the road show next month has to say. https://stocknessmonster.com/announc...ft.nzx-336002/
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