RE: JSE9 Jun 2023 14:42
They had $161 in cash, now they are in debt, raising funds and arranging loans
So JSE seem to have messed up their finances, arranged a 200m RBL(loan), and another 85m (roughly 35M loan from Tyrus, plus 50m raise, looks 33/52 at the moment)..
No free shares for us, for every 30 you hold you get just 1 at 45p, so nobody is going to take that up. That was to raise 8m so Tyrus will provide that as a loan at 15% if drawn, making up part of that 35m..
I cant believe it continued to drop so far below placing price, but lots of institutes invested in JSE, probably inside info being leaked in those circles..
When I wait I miss out, when quick lose out, likes like I could have bought below 38p this morning, as opposed to my 41.6 yesterday, and that was on the low...that would have brought my average closer to 45p,