figured it out, page-22

MP, i bought a heap more at 23 ish before the placement, they will be going at about 27 then i can wait til 2030 when we are producing ;-) .... I think all the poster that have been here for years can remember the last placement, the quick rise from 27.5 to 40 odd , although its a different economic world now. At what price will the new holders get rid of the shares they will have purchased at 25c , what if they take 20% and move on, thats only 30c per share. Obviously the political instability in PNG hasnt helped, and the volumes traded are negligible but i cant see us reaching any more than 35-40c by the end of the year which is peobably 10c short of where i thought a couple of months ago. im still predicting a takeoveroffer of 60c ish after FS and funding sorted .... i prob said this 18 months ago when DFS was due but im sticking to it