Word on the streets is ...Heavily oversubscribedScaled back...

Word on the streets is ...

• Heavily oversubscribed
• Scaled back 60%
• Only available to current holders

If these "rumours" turn out to be true I think we can expect a SP surge tomorrow!  I did note that as today progressed the indicative opening rose from 7.5c to 8.0c. Trivial volumes of course. But it suggests demand will exceed supply. 

You can only really profit take once - given so many did on Wed arvo and Thursday, I cant see where big volumes of selling is going to come from. Whereas I can see a number of sources of buying.

I think by the time we get anothe batch of sales figures (late January), the SP will have moved on significantly on the basis of the announcements, new funding, etc.