It will get nowhere near any placement raise price imo. I own a large chunk of the company and will be buying any drops. If you look at % increase in shares on issue and also shares in circulation given the fact there is a 2 year eschewed amount of shares from the original deal bringing Sun Minerals Pty Ltd assets on board the % increase in shares (dilution is minimal), the % change in cash on hand is huge and means drilling will run to 2021 most likely now. This is hugely bullish and any hopers of a decent drop might be disappointed.
Looking at cost/benefit comparing increased shares against raised % cash/precious metals running higher and drilling about to start in days I cannot see any meaningful drop if honest.
