Ann: Galaxy Placement Raises A$61 Million, page-79

I dont know what many of this forum expected to happen? The share price was always going to drop today to head down towards the CR issue price it doesn't matter how over subscribed it was or what value you think is fair. We have just come off the back of a huge increase in share price and now are CR at well below the current price was always going to cause a slump as profit takers moved in.

As for the matter of CR many on here are complaining as well about that issue but then were in favour of a JV partner. What is the difference between selling a % of the asset or further dilution and retaining 100% ownership at the end of the day it amounts to the same thing. In my opinion better to try and retain 100% of the asset and avoid issues regarding a partner in a joint venture.

If anyone can suggest an alternative of what management was supposed to do instead? Try to get a loan....probably not possible at this stage? Wait 5 years until we build up enough bank to begin funding it ourselves.
My point is we all want SDV up and going asap to take advantage of the current market environment which is exactly what management seem to be trying to do.