Ann: A$30 Million Placement and Termination of Ngualla Royalty, page-17

the bigger the discount the more it is oversubscribed, that seems obvious
question is why didn’t they leverage on the SML ann to complete at a higher price??
end result is that we are back below 10c with massive number of new shares to be churner before it even resumes going up
very poor management of investors relations imo
once again the only winners are the brokers and their friends
when you think about it, Australia is probably more corrupt in that sense than Tanzania
good luck holders, this is a bottom drawer for at least another year