Ann: SER Raises $2.5 million following FMG JV, page-4

Highlights

 SER receives commitments for $2.5m via a Placement at $0.014 per share

 Demand was high with bids received multiple times greater than funds sought

 Participation by new and existing institutional and sophisticated investors

 Funds raised will be used to accelerate exploration programs across SER’s portfolio

 Placement follows announcement of JV with FMG, with FMG to spend up to $8M at Canobie

 Each of SER’s directors will participate in the Placement subject to shareholder approval

If the demand was so high back in June, as the above suggests, why has the share rice plunged to near all-time lows?

I'm in this stock but I am new to the scene.

Many thanks in advance for informed responses.