Ann: Trading Halt, page-51

@bungy234

If $17m was insto (and done) with a $3m (only) SPP to existing SH @ 5c then that would be well received by the mkt.

effectively it would only be a loose $3m placement @5c to existing SH, with the other $17m locked up with professional instos. If they manage to attract some decent new players as well LOM might make it back to the ASX 300 list. For now it’s wishful thinking, one can only hope...

Have to wait for the cheat sheet. I’m surprised at the size of the placement. It changes the business model significantly.

have a great week


LB