ASX:BMLMetals and Mining
How Investors Are Reacting To Boab Metals (ASX:BML) A$60m Follow-On Equity Raise
Boab Metals Limited has completed a follow-on equity offering, raising A$60,000,000 through the issue of 150,000,000 ordinary shares at A$0.40 each via a subsequent direct listing.
This sizeable capital injection could be important for funding future project work or expansion plans, which may influence how investors view the company’s prospects.
We’ll now look at how this A$60,000,000 capital raise shapes Boab Metals’ investment narrative and potential project development trajectory.
This...