If the UK and U.S. instos that took part in the placement have been buying on market as well, they could be sitting on an averaged price around 47c. It could have been exactly what they wanted.
All speculation of course, but it does look very much like a new shareholder(s) notice could be received on Monday then the company's web site will be updated. There is likely to be some that have drop out as well, based on the selling volume.
Some new important names is more likely than not imo.
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