chart for comment

I dont know anything really about Lihirs fundamentals.
I know they did a share placement at $1.50 the other day to raise capital (dont even know what for). Looking at the chart I cant help but think it is going to fall, If 1.60 fails, then maybe it will fall back onto the long term lower trendline (somewhere in the low 1.40s).
I am looking to buy puts.

Anyone following Lihir Gold??

Thanks in advance

Commy