100 million shares placement at 5-7cps to instos, I reckon Wasa....

100 million shares placement at 5-7cps to instos, I reckon Wasa. Hartleys/ME will be monitoring today.

I can?t see retail holders getting a bite , instos taking it up a good sign also. Shares will be diluted to a min.

If I was waiting to top up on the assumption that the SP will fall to the SP placement, you would be horribly wrong.

Look at MNC, had a successful instos placement at 20cps. TH lifted today and it went to 27cps. Not ramping just an example.

My hats off to ME. He talks about a CR and puts a figure down! Mentions the drilling cost at 5 million. Not greedy and a straight talker.

IMO more positive news to come and the jigsaw will come together further. Next part will be risk limitation.

DYOR