i agree too...oversubscribed is a good thing...though not enough...

i agree too...oversubscribed is a good thing...though not enough to say it will skyrocket...

long term investor seem to believe PNA is a good thing. I am that camp.

If you are a shorter term trader then you may think about what a placement means. It is only for a smaller percentage of the stock. But usually if i hold something at current price and its going to be 15c at the placement, why would i not sell these and buy my lot at 15c. But how many can you get???

By these indications the spp maybe oversubscribed too?
or not if the share price falls below 15...why would you buy at 15 if you can pick up for less on the market...

disclaimer: (i hold the view that this is a good stock and has a good future)