coal announcement today, page-21

Some of the selling is associated with stock being in trading halt, not surprised to see people exit at first opportunity - picked some up at 6.5c.

Placement is of course disappointing - not only is it almost 10% below market price, free options are a giveaway - would have preferred to see a non-renouncable rights issue so that shareholders could pick up the options, not some instos...

As said before, overall positive news.