My sentiments exactly ekiwi...The only reasonable reason i can see why they would need to do a placement is if they needed the funds in a real hurry.
I cant imagine why SLX wouldnt be able to wait a month for funds given its already on about 20m, unless there was an accompanying announcement which would make everything clear. But no announcement. Why is 70m going to be needed on demand over the next month or so? So either an announcement or an explanation as to why we were overlooked would be nice.
placement 7.70, page-5
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