Guys - existing holders will also get a bit through a Share Purchase Plan.
The reason this goes to sophisticated investors first is cuz they want the money quick ($2.5mil) to start drilling it. Mum and dad investors take longer to decide if they want to buy shares or not and as such they can't commit large sums of money within the few hours that s708s can.
Everyone thats an existing holder will get a full prospectus etc and time to decide.
PIO Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
