".....who bought at a disgraceful 8.5". Come on mate - most CR's are done at a 15% discount to the prior 15 day average. As AL8 was trading around the 10c mark a 15% discount equates to 8.5c. So can hardy refer that as disgraceful. Also I cannot imagine sophisticated investors will sell for a 5 to 10c profit. IMHO they will wait for the big kahuna which, hopefully, will come with " fast tracked drilling".
Ann: Alderan receives firm commitments for $3 million Placement, page-8
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