so busy on the phone today from what i have heard the placement...

so busy on the phone today from what i have heard the placement of $80M has been 95% of it put away with O/S investment funds. A small amount of a couple of million placed with canacord and euroz. Local is not going to get much of a look in.

this looks just like the placement of AZS back in Aug-23 for $120M which canaccord also did. AZS raised $120M at $2.4 a 12.4% discount to the last close price of $2.74 (about the same discount as wildcat placement)

on the 22nd Aug AZS opened with a gap down to open at $2.64, only got as low as $2.6 before onscreen buying came in to close on the day $2.87, 13c higher than the previous day close and 19% above the placement price. The rest since Aug-23 for AZS as they say is history.....
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with $80M raised the company has enough funds for drilling both Tabba Tabba and Bolt Cutter which happens to also be in the LCT corridor too.

Only potential tier 1 projects can secure funding like this at exploration stage remembering no maiden resource estimate out on either of these 2 stocks.

Not hearing Minres on the placement but they cant really do much of it anyway since they are already at 19.9% and this will dilute them to 17.8%.

That will be interesting to see if they want to buy on market the ~24M shares needed to get them back to 19.9%

either way MinRes will need to issue an update of their change in sub notice either by dilution change or top up of shares.

IMO the company wont need another raise before a TO price comes along!!!!