Okay, let's calculate what it has cost the sophisticated to buy: (2 x 55 - 29)/2 = 40.5c per share. That's nearly exactly what one poster (was it Elee?) expected. I do not consider this to be a great outcome but just an average one that is typical of junior explorers. In my opinion they should have waited for some drilling results prior to raising capital. The deal might have been sweeter, then.
I continue waiting impatiently for the long-promised announcements, some from before Xmas last year.
Ann: HEAVILY OVERSUBSCRIBED PLACEMENT TO FAST TRACK DRILLING, page-14
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