I agree mate, this has dampened my last post. 120m shares at 0.25c is a too bigger discount at this stage, and if it goes to a bunch of investors then we have a heap more risk added to our ability to progress in the short term. We will have to churn through the sellers at 0.25c before we can kick off again! I would have thought that we could have played a bit harder to get than that.
This is disappointing, even if they give retail the option at the other 15m, we are likely stuck back in the 20's again for a while. Lets just hope that the placement doesn't get spread around a heap but is only limited to a few.
CXO Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
