EPR essential petroleum resources limited

Has held up extremely well after all 3 big drops in XAO this...

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    Has held up extremely well after all 3 big drops in XAO this week. A poster on another forum suggests the price will drop after placement is finalised (4 Dec) - anyone share this opinion? If it was going to drop why would it not do so now as the share dilution is pretty much a foregone conclusion now. Wondering whether to apply for additional shares on top of entitlement
 
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Currently unlisted public company.

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