It’s pretty normal for a fully subscribed placement to go north...

It’s pretty normal for a fully subscribed placement to go north as oppose to south. The investors were sold a story or were simply keen. The prices will slip once slow progress caught on. So let’s hope this is not the case.

If this is a rights issue on the other hand, then the share will fall for sure because there are always traders who wants to turn a quick profit.

I do find it interesting that the majority of the participants are existing investors. Only 13% are new investors.

Anyway capital raising are always excitingly it shows the company is trying to go somewhere. I top up my meagre holdings compared to some on Friday.