Looks pretty fair to me. Moelis were buying on market and helped push the price up recently so 9.2c is very reasonable for an institutional placement like this.
I just wonder whether Credit Suisse got any of this placement after their 3 million share dump in the auction on Monday to make it close weak?!
Worst case I reckon is we will now consolidate between 9-10.5c range for a bit before moving up rapidly in the months ahead.
Ann: Nuheara Completes A$9 Million Institutional Placement, page-14
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