Sorry to be talking to myself but I will ask the question "how many placement bookbuilds are undertaken while the shares are left trading?"
Answer to my knowledge is very little for obvious reasons. Without wanting to harp about how this little Aussie battler would do things, wouldn't it have been better for the Aussie battler to have run the price on new discovery news then gone into a trading halt/suspension to pitch for a dual listing in Canada even if it meant suspension for a week. That way share price valuation in Oz is clear and unmanipulated and the Canadians can bookbuild under normal competitive tension?
big seller, page-3
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