PXG is a small cap speccy, with 155m shares and market...

PXG is a small cap speccy, with 155m shares and market capitalisation of $54m.

$20m cap raise at 30c = 67m shares.
The size of the money is 37% of the market cap. No. of shares 43%.

30c is a little lower than I expected (i was hoping for 32c).

The fact is, somebody or somebodies are willing to buy in big on a speccy, at an relatively early stage in its development.

And it's to be done in mere 3 days.

It's a vote of confidence.

It's good news in my books.