Even though I'm surprised that it took 2 days to announce it, I'm very optimistic about the placement. It is less costly than a prospectus, and as Sentia pointed out, funds are quickly available.
The important bit is
'the capital raised will be used to accelerate the development of the Company’s portfolio of projects, particularly at Amayapampa where a resource upgrade is nearing completion'.
From this we can see that Amayapampa is the focus, the quicker the better.
BIG Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held