RE: Placing1 Dec 2021 12:25
Indeed. I don't see it as a bad thing, particularly. More money is clearly flowing into the sector so ANIC need to keep pumping in cash to maintain their positions in the most exciting prospects. The accelerated book build clearly implies the need for short-term cash for the imminent deals ANIC are in the process of making. They must be pretty chunky deals considering the involvement of New Agrarian too, assuming they're joining in parallel.
Short term it does probably pin the share price down somewhat, which is unfortunate, and the recent "coincidental" dive in SP stinks to high hell, but there we go. We really need some big news from some of the bigger players (BlueNalu et al) now to back up the theoretical NAV increases and to prove that these companies aren't just cash black-holes. One comforting thing is that Shellbay also need that to make their return so hopefully it will come. Frustrated but not surprised by the obvious shenanigans here, and hoping for (/expecting!) some serious news on increased NAV over the coming months.