It’s moving shares from small investors who are weak to large investors who are in the know. The buyers of the placing know what’s to come, they haven’t invested to just double there money....
That’s serious money from a serious investor, hoovering up from all the impatient or scared hands without spiking the share price. Patience is needed and I think will be rewarded.
It could be in the next hour, could take another 4 weeks or more. Nobody knows. What is for sure that there is lots happening behind the scenes and several announcements are due anytime.
Come on, this has been covered many times. This is just a tax allowance based on historical losses. Think of it as they can make the first 125m before paying tax.
If they have repaid a loan it’s balance sheet neutral. I’m pleased they were able to do this. It’s all about tidying loose ends. I wouldn’t be surprised if more news either on ASX toning or here in the morning. Looking good.