The SP has been lagging as this hasn't been on the insto radars. Instos have now joined the register which is good news for the SP in the longer term if they keep kicking goals.
The options are at twice the current SP so I think anyone should be happy with a 100% return if they get hit and it raises more cash for future acquisitions without needing to go through a cap raise.
Anyone could have topped up at 19c over the last month so I think the price was right and good to see the oversubscription. Hopefully shortfalls will be picked up on market at some stage as the demand is there. It's up to management to exeute now.
The SP has been lagging as this hasn't been on the insto radars....
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