No it wasn't panic. The market is forward forecasting. The market was expecting a 21% dilution of shares (including those issued to sophisticateds) and instead they delivered a 42% dilution. The market has responded accordingly. It's a short-term reaction. Share issue overhang has to be dealt with from here and then all will be forgotten and focus back on fundamentals.
No it wasn't panic. The market is forward forecasting. The...
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