Unfortunately(?) subsequently there was a second announcement in regards to Sino of a further 28.4 million shares...
'The Directors of Hill End Gold Limited (‘the Company’) are pleased to announce the completion of its Placement announced 24 June 2009 with the allotment of 28,444,000 ordinary fully paid shares raising $4.835 million before costs through sophisticated investors and institutional clients of Sino Investment Services Pty Ltd.'
So this wave of profit taking may continue for a while yet.
We just have to wait another 15 sleeps for the quarterly to come out and some "new" news for the market to digest.
sino must be almost finished, page-2
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