normally it's done at a weekly or 3 day VWAP but isn't it. so could very well be 1.50+
I assume they've already had this lined up for a little while for maybe a big player to come on board, could be why they haven't released drilling results to incentivise taking the raise up at a decent price knowing there's results due and MRE to come.
PMT Broker Data, page-109
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