Issue price was at 21.5c, only a fraction of todays trade was above this so i dont expect todays volume to be placement shares being flipped? Correct me if im wrong but we still have another 2m spp in effect closing later this month, so i can only assume the price could potentially be being squashed so there is a shortfall(as i find it hard to believe unless we see the sp rise above 21.5c not many shares will be taken up in the spp)and perhaps a certain company/individual may underwrite this to their own benifit to accumulate at 21.5c? I dont see why selling pressure is being applied aggressively the past few days with as tou mentioned io prices and the sector as a whole ripping recently.
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