Hi alacrity, I think normal practice (or ASX rules?) are that the company has to report the RI take-up once the subscription has been closed, so I expect an announcement in the next day or so. The compny does have (I think) 3 months now to pursue insto investment. It will be interesting to see what the % take-up of the RI, but as far as I'm concerned its more important to see what the company can deliver in terms of insto support.
A brief comment on last week's operational update - sidetracks do happen so not concerned at this stage. But having happened once there will be some pressure now that there isnt another hiccup for a while, otherwise questions will be raised about operational performance again...
Btw I've been a bit quiet on SSN psoting for 3 reasons:
1. Not much happening atm
2. Given the "limbo" status SSN is in I find it better mentally to deal with by compartmentalise it mentally and put it "back of mind" for a while, while I focus on other stocks
3. I get a wry smile from reading you post with yourself...
Cheers, Sharks.
SSN Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held