Ann: Trading Halt, page-40

Hi Bay

An interesting theory and as good as any other.

I am focussed on the inclusion of 2 key words in the announcement. Placement. Bookbuild.

Consequently I don't think the company is responding to a specific approach from a particular insto.

I am speculating that the company has a total placement amount figure in mind and a number of potential investors are being approached and asked "How much do you want and what price do you want to pay".

That's my hope at least and that way @curiouswon might get their wish and the placement is done at a premium to the last traded SP.

If the total to be raised is at the 'smaller end' and is to be used as an operational 'buffer' then I think the prospect of a premium is reduced.

If the total to be raised is at the 'larger end' and is to be used to fast track expansion or operational capacity, then I think the prospect of a premium is increased.

Like your post though, mine is pure speculation.

Cheers