Hi pgamble 76, I think it's probably what they had left under their placement capacity and decided to top up with the new interest in the stock. My understanding was it went to brokers in Adelaide who helped raise the IPO money so I see that as a good thing.......old holders, true believers and wanting to top up before the drill program they all believed had the potential to deliver true wealth to holders.
I am hearing the company is hopeful of JV partner funding or a cash injection from the new Chinese partners to avoid any dilution.
Hope that's the case as I can see only upside in the coming months, Chile is in play as can be evidenced by HCH.
Good luck and please DYOR.
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