Good evening,

It’s the week (or weeks) of the small cap raising, with companies having to choose between raising at discounted prices or potentially going broke.

Earnings season revealed a stack of loss-making or marginally profitable companies that had delayed raising equity in the hope capital markets conditions would change and their shares prices would go up.

While the market didn’t change, it’s now raise at low prices and suffer dilution or face the consequences. Sales platform Redbubble - not long ago unicorn - is a prime example. It fessed up to considering its capital position late last week, although says it has determined it does not need any additional capital (for now).

In Street Talk, we take a look at a new renewable energy auction out of Macquarie Capital.

We also check in on Newcrest Mining and Newmont, at what could be the start of a big week for both companies and their investors, and have a new PE-targeted process out of E&P Corporate Advisory.

Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk editors