i think you do a placement when you can, rather than when you need to.
In addition, given it was included in the ASX200 last week, I think we have been blessed, as funds come in to either take some of the placement (if stock availble) or they simply mop up stock now. This may very well provide a flooring in the price where the stock doesn't trade close to the 55c level.
All round a good deal...obviously would have loved some more stock, however, we are seeing a company being built here! The patient will be more than well rewarded in my view
ESG Price at posting:
68.0¢ Sentiment: Hold Disclosure: Held