Harmony Gold announced today it had placed eight
million new shares with institutional investors, an opportunistic
move it completed in the space of only a few hours on the back of
voracious institutional demand.
"$124 million is a lot of money and we completed the raising
overnight. There's a lot of demand and I wouldn't be surprised if the
other gold companies go out and raise cash on the back of this," said
Harmony commercial director Ferdi Dippenaar.
...
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