Molymet Follow-On Goes at Discount

Nov 11, 2010

Chile’s Molymet has priced a CLP127.44bn ($265.5m) equity follow on, selling 12.3m shares at CLP10,350, representing a 13.7% discount to the previous CLP11,992 close. Shares closed at CLP10,901 Wednesday following pricing in the...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management