Ann: $4 million placement to accelerate Lighthorse exploration, page-6

They almost always trade down to at least the CR price, sometimes less.

66,666,667 more shares on the register now means existing shares are worth proportionately less.

It may be a slow drift down until allocation, then usually a lot of dumping above the CR price by the sophisticateds who bough into the CR for risk free instant profit. This can go on for some time too given 67M shares are sitting there with a 6c buy in.

Ideally the company needs to get some good results out, but they have stated it will be April (and that is if they are good in any case).

So I think it will hit 6c or less by the end of the month, then it will depend on the results.