RE: Placing is the next then??20 May 2020 12:44
Exzess, not wanting to get into an argument with you, not my style of posting, however, you seem to have answered your own question with your post at 11:20.
JOG has enough money through to the end of 2021.
There is a data room being opened in Q3 of 2020 for potential large investors to look at JOG's plan and hopefully a farm-out deal will be reached.
If the farm-out deal is reached, JOG will receive proceeds from that deal, and also I assume, a good deal moving forward regarding development of the asset/s covered by that deal.
Will there be a raise? Who knows, certainly not for a long time by the look of the above. I am no expert in these matters but as PC01 writes, why would JOG do a placing unless it was for a to good to miss deal?
Actually, I always think of placings like this. If the money raised is for a very good reason, and not just wage packets of the board, what's the big deal? Short term the price may drop, but if the money raised is for something really good, then I have no issue with it as the price will rise.