I think most holders would agree the placement was very positive...

I think most holders would agree the placement was very positive for a number of reasons;

A) Large investors happy to snap up shares at 60 cents - still cheap
B) 60 cents is now the new support level
C) The placement is likely linked to the approval of the 5th tenement (to show Namibian govt we have the cash to do the tenement justice in terms of exploration)
D) Large European investor interest confirmed
E) Company has stated their plans to be very aggressive on exploration program and we now have plenty of cash to fund this.

It is all good. Very very good.
Good buying opportunity today.

More positive news will be released soon.