will be interesting in the lead up to the meeting on Friday with volume picking up today
share price has been mostly below the "heavily oversubscribed" 1.2c level since the announcement - Patersons is lead manager for the upcoming placement including the issue of Tranche 1 vendor shares
it's possible a few participants in the recapitalisation just over 6 months ago are selling into the extra volume
existing holders were diluted down to 23m shares prior to recap
500m new shares were issued at 0.5c and 25m for $250 plus 100m options ex at 0.5c
seems OK punt at 0.9c assuming recap overhang will be absorbed
will be interesting in the lead up to the meeting on Friday with...
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