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#Capital Raise
stale
RZI have raised fresh capital of $10.2m at $1.50.
My concern with RZI is that their Funds Under Management contines to grow strongly, but their cashflow growth is slowing which doesn't really make sense to me. There free cash flow outflow is not reducing either.
CAPITAL
30 Apr 21: $10.2m placement at $1.50 [6.8m shares] @ 9.4% discount to the final closing price. SPP to follow at the same price.
