placement closed raising minimum

Glad to see that the placement is finally complete.

My worrying point is that the end raising is on the minimum amount rather the $12million that they were seeking.

My broker BGF Equities were mouthing on about how this is "oversubscribed" at the start and maintained this stance throughout, guess this was absolute BS after all.

Market conditions were tough and the company now has cash to move.

Hoping that when it opens it can be supported at the 60cents mark.

I have a feeling that the share price may dip on the open.