Ann: A$100m Institutional Placement, page-139

While a placement of this size is usually reasurance for holders i find the circumstances around it very concerning for the companies trust values.

having large shareholders dump right before the placement and then basing the numbers of said placement on a 5day VWAP that was heavily brought down by what is clearly inside information is mind boggling troubling for trust in this company.

Does it affect the viability of the company longer term? Perhaps not but it is clear the valuation of the company is now problematic.

For context and bias factors i disclose i don't hold as i thought the MC in the billions was a joke tbh but even wanting to buy this on a discount this gives me further pause to wait and see where the dust settles. Around 70c i feel.