Masher, check the announcement that was released today- link is here: http://www.asx.net.au/asxpdf/20110321/pdf/41xkxy4wgzhbnw.pdf
Go to slide 5 out of the 9. As part of the appendix 3B this is said under 'issue price or consideration':
"42,000,000 Ordinary Fully Paid Shares to be issued upon drawdown of equity line of credit facility at 17.3p (two week period 3/3-16/3)".
So we know the drawdown finished on the 16th March. Then, right after, we start rising again.
The way I understand it, yes you would be correct in saying the 42 million shares have already been sold/absorbed by the market.
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