Looks like some instos took already profit.
They should be able to spoon feed their shares into the market in the next 4 weeks of anticipation that something amazing might happen.
Job well done BB, secured yourself a decent income for the financial year(working costs, LOL) and the sophs got a piece of cake, win win for all ...or did we forget somebody?
This is only my opinion that the whole deal looks crook.
A CR to assist Sconi would have only made sense AFTER the announcement of an off-taker with a likely share price in the 8-10c range.
29million could have been the downpayment for an autoclave order or something that need to be manufactured in advance and would have sped up the whole process if it were really to happen.
Ann: Institutional Placement Raises $5.2 Million, page-125
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