Ann: $150m underwritten placement to accelerate Sunrise Project, page-47

"The Offer Price represents a:  6.1% discount to the closing price on the ASX of A$1.225 per share on 7 March 2018, being the last trading day prior to announcement of the Placement  6.4% discount to the 10-day volume-weighted average price (VWAP) on the ASX of A$1.229 per share up to 7 March 2018, being the last trading day prior to announcement of the Placement Pengxin Group retains its anti-dilution rights pursuant to the Subscription Agreement signed between it and Clean TeQ in February 2017."
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Mark to market of 6.1% discount for such a large 'dilution' suggest they money is chasing some kind of paper profit yield going forward by the instos = demand is there for taking on this risk.

It does looks like insto buy in = SPP in pricing.

Where is Sallywoof? Not given another suspension by a sensitive poster again? What's wrong with some people towards descending views or views of any kind. Plonk $1M into a trade and you won't move the valuation by much in the scheme of things. Use the IGNORE button to read confirmation bias regardless of bias.