I am in the same position in having an entry price in the mid thirties.
If the placement price is 25c I am disappointed as it does not really reflect a company with a strong negotiating position and high confidence - given that the stock had hit 40c that morning....... and if they held the view that the sliver mineralisation really was visually continuous and very high chance of be proved up by the forthcoming assays, why not hold out for a higher price.
However I do not begrudge them the chance to raise cash when the door is being knocked down.
Wow, would I love to be buying today, post the placement, rather than already having my fill. It puts a very different perspective on the trade.
cheers gosouth
OGX Price at posting:
28.7¢ Sentiment: ST Buy Disclosure: Held