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Cap Raise Crucible: Canaccord, Petra shine in busy cap raise fortnight
['Murray Ward']
Sydney Morning Herald - Business
AdvertisementSponsored BusinessCompaniesBulls N' Bears Cap Raise Crucible: Canaccord, Petra shine in busy cap raise fortnight Brought to you by BULLS N’ BEARS Murray Ward August 7, 2026 — 4:56pm Save You have reached your maximum number of saved items.
Saturn Metals (ASX: STN)AdvertisementRaised: $105 million Price: $0.40 Discount: 11.1 per cent to the pre-raise closing price.
An 11.1 per cent discount was sufficient to attract strong demand without signalling distress, an important distinction in today’s market.
AdvertisementLotus Resources (ASX: LOT) Raised: $138.1 million Price: $0.22 Discount: 66.7 per cent to the pre-raise closing price.
Post-raise performance -SteadyAdvertisementLead Manager: Canaccord Genuity If Saturn Metals demonstrated where institutions were prepared to back quality, Lotus Resources highlighted the price investors still demand for taking on additional risk.