Ann: Oversubscribed Placement Raises $16.5M at 30% Premium, page-22

Don't be so quick to invalidate mondyinvest, he/she is right. Also.. All cap raise are dilutive, even if at a premium, there's no ifs or buts about it.

It's the market cap that you should watch, not the share price. If the market value the company the same but now with more shares then share price goes down. If the market value the company more now based on new capital/information despite more issued shares, then share price goes up.

There is likely a step down in share price in my opinion but I'm bad at guessing games - hence best for this to come from someone like @dc1234. I'm confident there will be more interest and investors missing out on the bid that the market will value the project to its rightful market cap in good time. These levels are low - company is undervalued. Wait for a few weeks post PFS when everyone can diligence financials. Then that's when judgement day is for the Prairie project and when the real fun begins from share market perspective. Cheers