(Not directed at you, just broadly replying to the comment and...

(Not directed at you, just broadly replying to the comment and concerns raised elsewhere)

Institutions won’t necessarily try and back out of a placement just because the SP has gone below their placement price.

Remember:

1. GLN has low average volumes of shares traded
2. The share register is fairly tightly held
3. These institutions want to get onto the register

To do this *outside* of a Capital Raise they’d all have to try and buy large chunks of shares on-market.

Given points 1 & 2 above, guess what that would do to the share price?

There’s more to it than just what price they get in at. It’s the ability to buy potentially millions of *new* shares without creating a huge supply/demand shortfall.