Myself and @Skronkman tried to point it out on these boards quite a few times at the end of last week.
Sometimes we can all learn by just reading and digesting other views and opinions that are either unpopular or not aligned to our individual perceptions of the current state of play.
Not everyone sharing news we don’t like is a downramper. Let me try to explain it again.
Last week within minutes (I say this tongue in cheek but you will have to read between the lines on that one) of BNL announcing a halt for a CR to the market the brokers running the placement would have emailed their clients offering them a chance to participate in the placement. Obviously they would have to disclose the details of the placement to get participants interested. Some of those clients (may) then have come on here and shared the details of the placement with us.
The reason they won’t specifically say this or tell you were they got the info from is because the terms and detials of the placement are supposed to be private until the follow up announcement (todays) is released advising the market of the outcome.
These placements can be done extremely quickly as the investors are either sophs or instos (S708) and therefore waive the right to needed a 100 page prospectus that comes with a SPP and the cap of $30k per person.
When the details of a raise or placement appear after the initial TH it’s worth listening and planning your next move with that information in mind rather than attacking the poster or keeping asking where the info has come from. Instead you can read between the lines.
Hope that helps and all IMO of course.
BNL Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)