placement

Dosnt matter if you agree or disagree with the timing or the price of the placement, it remains clear that in these financial challenging times that it was probably a very good idea/good timing to get such a big chunk of change from investors as this crappy bear market seems to have a hold on the world markets.

The placement was organised just before the markets went pear shaped and locked in, what would we be placing shares at now if we were to try and do such a placement?

The market is very unforgiving currently and i think that Richards had made a very good move.

Full credit to him