Ann: Carnaby Successfully Completes A$20M Placement, page-76

agree with charl re sophs. Some will have a holding already and use the CR to replace part of it at a lower price selling balance on market after they know their CR allocation. Some will get call from broker, have little idea about the stock and flip for quick profit either immediately or after the inevitable post-CR announcement.

But the real takeaway here to me is Oz minerals has just ratified the current valuation. They agree these few remarkable drill holes are already justifying a market cap circa 200m and clearly wouldn't dip their toe in here if they didn't see *enormous* potential.
Today's close presented a chance to get in at less than 10% more than they paid.

Drill bits are turning and IPs are firing - news flow is a certainty.