any guesses on placement price, page-12

The spate of CR recently (Kentor, Discovery Metal, Kasbah) have all been at a discount to the price prior to trading halt.

I think they were waiting for a higher price but when the uncertainties unfolded and the price fell, they decided better now than later while prices remain above 30c.

I don't know how many of you hold the shares or hoping for the price to drop further after CR to pick up.
Would you subscribe if the price was at 32c and would management risk under-subscription and if there is to be institutional take-up surely it would be at a discount. Or it may well be a further offer of shares to the Indon billionaire without any retail component. If there is institutional placements at a discount, I would be happier being offered below 30c than at 32c with the view that with silver price to rise going forwards, price recovery would happen. With their bad timing to choose to do a CR (panicky step) at the time of commodity uncertainty (although looking brighter today) it has to be at a discount to be compelling (not that it would please shareholders to cough up more money)