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24p is around the IPO level and given that at mid September the value was 60p the recent 24p was irrational at best. If the price had been north of £1 I could have seen a placing being an option I suspect this will be financed in one way shape or form maybe a convertible note or straight debt financing. The company are close to going live with a DLE pilot plant producing 1 ton a month. They are not going to give away equity in and around the current share price.
I think you are behind the curve the company doesn't have to raise capital via a placing. Would the company owners be happy to dilute at these levels? More likely to be a financing solution.