NXM the next multi bagger, page-909

The law says basically the company can do a capital raising in two easy ways (there's more ways but these two are the main ones you see):

1) to professional and sophisticated investors (known as 708 investors) who show up with cash and get a discount. It is quick and easy. Called a placement.

2) to shareholders via a "rights issue" or "Share Purchase Plan" which is an offer to all shareholders. They take ages to sort out and put a big dampner on the stock price, and usually a bunch of shareholders don't take up their entitlement so it takes even longer to place the shortfall elsewhere.

The long and short of it, is that the 708 investor ducks were quacking, and you know what you do when the ducks are quacking.