The placement rumour has been around for a few days and now seems virtually confirmed including details.
It's not bad in my opinion.
Woodside will keep their allocation and so will the Britts/ or instos.
That leaves a few which may have already been dumped. If all the above is correct there should not be a pull back as there are not a lot of shares to flood the market further.
At the end of the day traders and small guys won't be able to play with the placement shares and this was no doubt designed. The opportunists who have sold against the spirit of the placement should be exposed though. They have taken a lot of money from the small holders some of whom have panicked.
HDR cashed up if details correct and looking like they know what they are doing.
I agree with the post that suggested twice weekly reports at least in the interest of fairness.
Imho
HDR
hardman resources limited
