Agreed Cragesmure, what I meant by stingy is that I would have...

  1. 1,795 Posts.
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    Agreed Cragesmure, what I meant by stingy is that I would have hoped more of the placement stock ended up in the hands of retail shareholders like myself (ie: 1 for 5 rights issue) rather than gifting stock across to institutions again. I guess I'm cranky as saw most placement stock in AWE get gifted to institutions this week (50c placement with a takeover bid at approx 80c on the table), then 3 for 37 at TCL which effectively means we are diluted after the placement.
 
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