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9,369 Posts.
512
16/11/16
22:18
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Okay, i confess. I predicted theplacement would be at above market but actually it was at market.
By my simple calculation, 180 million shares at 1.1 cents roughly translates to almost $2 million into the bank. This buys a lot.
And then Mr Chinalco pops up with a substantial shareholder notice of 8%.
Congratulations to the board on hooking the big one.
For shareholders, the future just became a lot rosier.
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