9 cents with no option is about same value as 12 cents with 1:1 free option(option trading around 3 cents). CSD is able to do a placement on it's own means people do know the value of the company and willing to put the money where mouth is. With the money raised,company should have close to 3 million dollars that is sufficient to fund it's drilling program in 2011. Remember last rights issue at 4 cents and who would thought it had a dream run to 29 cents. Market sentiment is not sound right now but will change.
CSD Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
