Punters paid up to a high of 19 cents in the days after this placement, ???
Looks like some placement buyers are just happy to hold there free options.
The company now has there money, will punters move on, will this company actually be able to turn a profit at a higher processing rate ?, I suspect not.
They will need profitable Bi products to offset processing costs in my opinion.
Should be one last trade for those who like this stock on a off take here before what I think will be a long term bearish move in the share price on what I expect to be higher processing costs and lower recoveries than expected by holders.
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