This placement has certainly got off to a better start than it possibly could have.
However Just keep in mind there are a few games these intsos can play, borrowing agreements for one.
It’s not really until the shares are placed next Wednesday 7th July that you get the full picture. Do they want a quick buck or are they here to hold for the longer term. A quick 10-15% profit is the usual play and move the capital on to the next entity.
Highly unlikely for any substantial new holder statements to be issued following that unless 1 entity picked up 160m shares or 52% to take them over the reporting 5% threshold. That’s the way they prefer it.
