$5.5m is not much at all really, no doubt will be oversubscribed given the announcement from last week.
They could have done much more I'm sure, but if you know the playbook and have seen it before you will note multiple raises on the way up at higher and higher prices.
The price is a floor (rocket imo), and the sentiment is hugely positive - more money in now so we can drill this thing out and find the monster.
Ann: Trading Halt, page-16
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