Unfortunately the capital raising was not oversubscribed. They...

Unfortunately the capital raising was not oversubscribed. They did raise $6.9 million, which is greater than the minimum target of $6.25 million. However still $15.99 million off being fully-subscribed. I do agree that this additional placement is great news. It is also somewhat beneficial if less shares are issued through the placement from a shareholder dilution point of view. Nonetheless, the company wouldn't do a 1:1 entitlement offer if it did not hope to get a fully-subscribed placement.

I personally brought another parcel on Friday when I heard about the extra shortfall placement. I think the risk/return dynamics on this investment are quite compelling now, considering the company has no debt, competent management, and a great pipeline of potential sales on the horizon.