Yes casmack, in fact, if there is some "silly" selling first thing, could be a one off opportunity to get more at below Friday's closing and take no risk of missing out completely by trying to be too clever by half.
Still reckon that we will be shaking our heads at these prices when that fraccing is completed and the flow rates are released. And, that could only be a handfull of weeks away!!!
We look like issuing around 15% of our I.C. so, by definition, the dilution factor will have to be factored into any placement price, plus the discount. So, at Friday's close of .27, the diluted price would in theory be .23 and MacQuarie has paid .22. That really is only a little more than a 4% discount!! That is as close as you could get to market and with Macquarie. Great deal for mine.
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