I wouldn't be surprised if the organising broker has taken some shares from the placement specifically for the purpose of filling market demand. Pretty sure the Dr would have looked at it and seen the opportunity to place another 20m-30m, plus whatever has been done over the past week or so. Going to be a settling period IMHO whilst things get bedded down. Personally I don't expect much until there is something tangible. Prefeasability study will be so big nobody will believe. For a lasting true re-rate we really need the plant up and running for starters, and then get some Lake Hope product going through the process. Clearly many think the plant wont work at all so that's a big step. If it actually works on Lake Hope product, massive, will open Govt grant assistance as well. Interesting year ahead at the very least.
IPT Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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