it's the usual attached option being forgotten
MNM raising @13.5c plus 1 for 2 option which was trading at 10c, the effective raising price is only 8.5c
PYC raising @5.3c plus 2 for 3 option which was trading around 3c, the effective raising price is 3.3c, check out where the selling stopped on PYC after placement shares were issued.
CRL raising @10c plus one free option. assume these trade at 3c on listing, effective raising is 7c, still at premium, just not as big as punters would v expected
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