Here we have a small cap (some would say spec stock) and some decent institutions have bought in at a price which the stock was trading at just days ago. Amazing. They must really see some potential in this co to do that.
It's not often that you see such placements done in this fashion. Most i see are done at aheavily discounted price, and then the stock is usually flogged down heavily.
I think today we saw evidence of the fact that the market was impressed with the way this cap rasing was done.
C. Gale and the team must see some potential in states like SA, NT and TAS, or else they wouldn't even be going there.
Anyway, if the current customer rate can be maintained over the next month or two, we may see some real action.
