just picked them up at 47.5cents.
Yes they have made a placement at of 82million at $1.53, which means that with $1 still to pay in October, it is 3.6% cheaper than the placement (5.5cents) forgeting that they floated at $1 for the first instalment.
OVERSOLD in my opinion. In this market...trading is difficult..this is a no brainer.
Kiril
