DNK.L Share Price (DNK)

Wow one big sell and drops like a stone.......bet it wont rise as quick when people eventually buy!!

https://www.proactiveinvestors.co.uk/companies/news/952661/danakalis-test-work-confirms-sop-production-rates-at-colluli-optimisation-leads-to-lower-opex-and-capex-952661.html

So maybe a typo? "The allotment of 47,296,231 Placement Shares is not subject to shareholder approval and will fall within the
Company’s 15% placement capacity under ASX LR 7.1 (15,327,397 Placement Shares) and additional 10%
placement capacity under ASX LR 7.1A (31,968,834 Placement Shares)."
So 47.3 allocated and 'oversubscribed'. At any rate let's see if it translates into activity.

Then I don’t know why they limited it to 43 million, I will try and find out.

3standsoffbottom, this is what I read

The capital raising is being conducted in Australia and the UK. It will take place in a single tranche within the Company's existing placement capacity under ASX Listing Rules 7.1 and 7.1A and will not exceed a level that would require the publication of a prospectus in the UK, resulting in a maximum capacity to issue up to 63 million ordinary shares.