RE: Placing28 Dec 2022 12:02
The only people talking about a placing are those who currently hold no shares and want the price to drop as much as possible. I remain confident that there will not be one. A placing would destroy sentiment in my opinion, of which it would not recover from for many months and we'd languish in the teens.
That said, if I am wrong and if HARL were to do a placing after securing a 100m debt facility (still to be confirmed) and 77m of investment coming, plus giving out all of the recent warrants to Riverstone and Astra then I will be offloading my 400k shares on FSS confirmation news as I will lose all trust in the BOD.
Companies that place tend to do so time and time again and the share price goes nowhere. Yes HARL has a history of it as well but the last one was over a year ago and the debt financing in March and recent refinancing signalled a change of strategy on this.