I thought it was a great announcement earlier, can’t believe that some holders weren’t too happy with it and expect sp to go much lower. Will be very hard to go against those newly invested instos.
I reckon they will try to push the price to much higher than 30c. The challenge is to keep an eye when they are ready to cash in. Will be a very good run for at least the next 6mths IMO, fingers crossed...
Ann: ALC Raises $16.2m via Placement to Institutional Investors, page-66
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