Given Trahar took up 38% of the capital raising and nissui would've taken up their 15% we are probably only looking at 5-6 investors already on the register who have dipped in their pockets to fund the equity.
None of these people are going to sell our short term. IMO the register is still tightly held and top 20 may in fact increase their percentage of shares owned.
It's the end of June and people sell for tax reasons but I agree with Longreach selling now as a knee jerk to take up $30k entitlement is probably worst time to do so.
6.2 cents is a good buy in now the project is guaranteed to go ahead. No new shareholders. can take up the raising as it was only for eligible shareholders as at 22nd June.
There should be some positive movement on this lending facility too in the near future possibly before the vote on the SPP late July.
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