I'm amazed at some of these comments. The failure of birmians...

I'm amazed at some of these comments. The failure of birmians last placement is fresh in my mind for sure, the poor takeup and continual selling as a result.

A share placement puts more shares on the market, devaluing your current holdings. No doubt the hypers are reading into how positive this announcement is, you should have a look at the last two Appendix 3B announcements.

10-4 They issued 15mil shares in options excise
15-4 Ann They also issued an additional 4.2mil shares to pay consultants at a price of 0.9c per share.

My reading is that they are broke, and this coming announcement will be for a normal additional share placement.