Absolutely my thinking on this.
A few months ago I voiced my concern about having to let POSCO buy in at 10c as per the ASX announcement in Jan to DC....considering how much the price has risen since then.
He replied advising the BOD would do only what was in the companies best interest.
This is a much better price than 10c I am sure all will agree....and you never know, POSCO may well pop up with a sub notice on the 15th.
Might even explain the very large insto purchases that have been occurring. Often funds wanting in are told we will give you an allocation in up and coming raise, but you will need to supplement your unmet demand on market.
Looking forward to seeing who is joining the register.
10x
Ann: Fully Underwritten A$70 million Institutional Placement, page-42
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