"2. The Company considers the announcement may have a material impact on trading in the Company’s securities and as such, the market should be provided time to receive and review the full details of the Placement;"
This reads very well to me. We could have gone on without this cash injection (ie, wait for the TT income) but instead we appear to be making a significant move forward. Completion of drilling, funding of DFS or whatever. Also getting an institution involved. Don't forget we look pretty certain to enter the ASX300 next April so many institutions will need PLS is some of their index related funds. This CR should be good for us and the institution(s) involved. I expect the full details provided in the announcement will be very very interesting.
Personally I am greatly looking forward to early May when the bulk of my non-superannuation holding exceeds one year in age (for CGTax purposes) - I will then have all options of whether to hold or sell available to me.
(20min delay)