trading halt, page-2

crap - there goes the sp.
i am guessing the funds will be for the UGS project.
they have to construct pipelines in for the gas, compression facilities, gathering pipelines etc.
i would have thought they could have project funded this, but they must need equity.
i will be they will be lucky to get the placement away at anything over 12c - probably 10.5c as a bet.
even if they decide to have a SPP for us smaller sh, we will still be diluted massively.
I think they can only place 15% of total number of shares in 12 mths.
i guess if they can raise funds from a placement it indicates confidence in MOS.
but would have much preferred a rights issue instead of transferring wealth from existing sh to new shareholders.