Ann: $4.4M Raised in Strongly Supported Placement, page-138

You need to attract the right type of investor with deep pockets. How many stocks are traded on the ASX? How do you get an institution to choose to invest in PM1 - and make no mistake, management have tried for a long time - without offering some sort of incentive (ie. a meaningful allotment of placement shares at a discount)? There has to be a give and take. Furthermore, empirical evidence shows that SPPs put a drag on the share price. I am happy if they launch one and I am happy if they don't.