share placement tells story, page-51

Been wrong before, but looks like the sp will vacillate around 0.025 for a period till the SPP is out the door, and not for any fundamental reasons. Rather according to the announcement, the maximum purchase limited to $15k. Given the positive outlook, there would be a number of investors (presumably non-individual) wanting a greater slice then 600k of shares. Recent dips and rises illustrated buyers willing to jump in through to the low 0.03 level when a gap arose. So to get the sp to the SPP price is a bonus for those wanting to 'participate' at the SSP price and purchase more than the limit. Unfortunately in the ST that erodes any discount the smaller investors would profit by through exercising the SPP option. But that's business. I sm doubtful that those exercising the SPP rights would sell out after given the common sentiment, and expectations without wanting to ramp either way, are that normal movement would proceed once SSP out of the way. Nonetheless disappointing since the market receives mixed signals, and as another poster indicated, little information given regarding purpose of the funds. Also good to keep in mind that any farmin should that occur would likely be earmarked for that project - OBL still has a number of projects, each of which has cash requirements as well as the admin costs etc - so some form of CR was always on the cards. Banking on a single farmin for Blackreef for example wouldn't offset the needs of the remaining projects, so probably a well timed raising, and irrespective of the current SP, Neil did promote this to the existing holders - most other small cap speccies retail the shares as an institutional sale to sophisticated investors, with the end result that lack of loyalty and time horizons show through with the usual pattern of pumping and dumping which does noone a service.