GF, Yes in the short term there may be a price dip but overall I believe this will make things more certain for a lot of large investors and the sp will get a re rating.I would prefer a placement as opposed to lending from a bank requiring hedging restraints, especially in this market with nickel near US$20000t.
I also hope there is some extra news coming to sweeten the equity placement but not sure what they could announce.Maybe a resource increase could be in the pipeline.
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held