RE: $20m raised at 26.5p in May27 Aug 2021 10:11
Whilst I think this share will come good, I don't think people should hang their hat on this given the company was also given the same value of warrants / options at the same price.
They could very easily have sold the shares into the market, at a small loss perhaps, and be in the situation where they have essentially paid a smaller sum for a significant sum of warrants / options.
Having said that, even in this scenario, they must thing the chances of these coming good is worth the investment otherwise they would put the money elsewhere