I think that mostly the placement is going to ofshore investors, US and UK, im sure that we will be able to see when all said and done, will be interesting to see who gets what and if any big slices of the cake go to one group, my hope is that several groups take part in the placement and then dive into the market to support the SP and ultimately ram it up to $4 or $5 which is very possible, plenty of murky water ahead as to the outcome.
WRs has done very well for the company so far and he has my vote of confidence to continue the good work to date, i think that we are all getting a bit restless because we havnt heard anything concrete for a short while now.
markets also have been lousy lately as well.
BRM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held