There are always risks and when you do a placement like this as the people with the money are only going to part with it if they fell there is a high chance of making a quick profit. I remember not so long ago NGE was digging a well in a location where traces of oil had been found on the seabed. Mid way though the drill they did a placement of shares at a discount which disappointing some holders. A few day latter they announced that the well was dry and the shares dropped below the placement price. Did not hear any more complaints about the placement price and NGE had some money in there pocket. I think the capital raising at this point is quite common. There is enough plus side for people to be interested but there are still risks. I myself would of liked them to stayed with the planed schedule and not raised the money but I have to have faith they know what they are doing.
If you compare this to where BCC is with there capital raising we are looking very pretty.
All going well we should still expect our share to past 2 cents just may take a few more days than expected.
Spike
GEV Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
