I think the 32m placement shares are in tight hands simply...

I think the 32m placement shares are in tight hands simply because AP wouldn't want them to go to loose hands (the 1 for 2 free attaching option with an 11c strike price and a long-dated expiry of 3 yrs, was the sweetener to get the tight hands). Consequently, I don't think the price will be dampened at all. Sure, the price may trade cautiously up until next Wednesday, but once it becomes clear that the placement shares are not in loose hands, I expect the price to be in the 20c range at a time coincidental with boots hitting the ground over there (in 2 weeks). What will the price do Monday to Wednesday next week? I expect it to trade in the range of 10.5c to 17c with a bias to settling in the upper band of this range (say 14c to 16c). Current parity is around 14.25c (which is last Friday's VWAP on 20m volume). What does this all mean? It means that if it has one final wave down to 10.5c on Monday morning, I will be a buyer haha!