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Issue Price
The Issue Price represents approximately a 2 per cent premium to volume weighted average price of the Ordinary Shares for the 30 day period ending on 6 December 2023, being the last practicable day prior to the announcement of, inter alia, the CIG Subscription
I don't believe the 4 million open offer was necessary. Was purely there to keep it "fair" to current shareholders so they had the opportunity to not be diluted. There was no telling how the share price would react to the original news so they were not to know the SP would fall to under the placing price.
When you think about the assets of Yanfollia, Dugbe, Cora, Kouroussa this is shockingly undervalued but it is surely a must buy at these prices. I would love to be buying in at todays price as my average. Me personally I’ve been averaging down and will wait for the market to see some sense! When the market gets it wrong you have to take advantage and I believe it to be the case here in a massive way.
I think most would agree there was no value given to Dugbe in Hums current share price, so I see this as good news and will give the project some real momentum and people will have to start valueing this as a real asset now. Lets see!