RE: RNS at midnight?2 Dec 2018 14:51
is a Rights Issue more expensive?
My understanding is that you don't pay broker fees on rights issues. So they are the cheaper option in that regard. Imagine the brokers are not keen on rights as there is potentially nothing in it for them (they will have got fees on the shortfall placement though).
Ultimately it would have been dismal management if we had run out of money during or straight after WINX, yes SP has been hurt but how high would we be now? no one really knows :-)