This is an intersting part of this ANN.....anyone got thoughts on it?
This additional 4m shares was placed at AU$0.25c representing a 25% premium to the AU$0.20c raising which was run concurrently. The delay on these additional acceptances reflected the fact that several of the ((overseas)) applicants were not able to settle within the timeframe of the first placement due to internal procedure however !!!the Managing Director took the view that the participation of these parties represented a significant benefit to the company and has facilitated several(( key offers !!)) The vast majority of demand for both capital raisings came from overseas and Australian based
WHATS MEANT BY KEY OFFERS ? OVERSEAS APPLICANTS ? Was he talking from Aus or Greenland so what does overseas mean ? as in overseas from Aus or Greenland.
GGG Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
