Depends on sentiment - If investors like this presentation,...

Depends on sentiment - If investors like this presentation, share price should RISE tomorrow and over the next week. Investors may buy to get in on the offer(record date 15th or 16th). Maybe a chance for you to sell out victorious, but imo if all goes to plan, and you have the money to invest, then our situation suddenly looks more rosy.

I would expect the share price to only fall to 90% AFTER the record date.

...Unless sentiment on the offer is bad.

I for one like this announcement - as gself pointed out, 127m underwritten and transaminvest taking up their entitlement.

This reduces risk associated with bank loans greatly.

Gunangdong to provide 10m working capital now, which looks like it is greatly needed.

The underwriters have a clause whereby they CAN pull out if asx200 falls by 10% or certain metal prices by 15%. This worries me a little, not sure how standard this clause is, and we are in volatile times...

All in all, I am taking up my entitlement(but anyone whos read any of my posts already knows that).