Hey Wazz - I thought that the uptake was a tad disappointing.
My assumption being that the Top 20 took up their entitlements.
The Board hopped in for more but perhaps the smaller holders were too scared.
Patrick will need to get his skates and his marketing kit together and have the shortfall put away pronto.
This will be a test of his cred and network.
Lets hope that we get a follow-up announcement soon to say the overhang has been placed with a decent name.
Expect news on commencement of drilling soon too.
There are days when you realise it would have been better to stay in bed!
Ah well, the sun will rise again tomorrow and we can only hope for better news ahead.
DDD
Ann: Entitlement Offer Update, page-18
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