"No doubt we will see another small placement shortly hopefully in the .04-.05 range."
I think we will know for sure that another small placement is coming when the share price rises back to the .05 cent level on small volume. Until then there are about a million shares on offer just below that mark that need to be purchased by someone. It is going to be a little bit more difficult to ensure a .05 cent placement this time unless some good news comes out beforehand. The alternative is that they will make a placement at around .035 cents.
Lets hope some good news is released beforehand because raising capital at these low levels is ridiculous.
Cheers Ever so cynical GazzaT :-)
ORP Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
