PLV could have easily done a placement to one of the top 10 but then the holders would be sooking that they were not being looked after.
A more thankless job would be hard to find, work your socks off getting permission to explore, define an Indicated resource, get Native Title, then do the last ever raising and make that to holders and what happens, sooking !!!!
As you said the raising will happen, they can be sure of that. If the SPP is under-subscribed, which I doubt, a raising will be completed within a fortnight! If needed.
I took my full entitlement and will buy the rest on market to maintain my % of the company.
Cheers ..
PLV Price at posting:
70.7¢ Sentiment: Buy Disclosure: Held