What's the big deal. People were whinging about not being able to buy through Bookbuild at 31 cents. Today you can buy below 31 cents, some people getting stock at 29 cents. The cap raise was lower than they were after, so less dilution but still plenty of cash to keep the process moving along.
I think they've done pretty well really. Most of my other stocks are doing unsupported SPP's at the moment. You know there's a shortage of cash for placements when they start going to shareholders. If the Bookbuild buyers are serious about the company then hopefully they won't be dumping stock right away like the SI's do.
Happy to hold. (And trade).
LNG Price at posting:
30.7¢ Sentiment: LT Buy Disclosure: Held
