Here is my take on the placing fwiw .....1 Oct 2021 08:50
Im a business man, a minnow admitedly but in Dimitri shoes @16p or there abouts this is what i would have done in a private meeting of course.
D knew the reason for the sp drop was BR et all shorting, loaning to shorts and churning, so when he was known to need cash after the rossego report upped the resource estimate and was approached by an ii or a consortium wanting more via a " loan/placing" this would have been my play.
I would have said " i will provide a placing but not significantly bellow the previous 26.5 ! The extra shares you want !!! i suggest you buy on the open market and close your short possitions, this should push the sp up to 26p which will trigger the placing. Im in no hurry you guys do what you need to do BUT the placing will be triggered @ 26p no lower!! get there however you want ! :) I absolutley would have played it this way !!!!
Now the spike from 26p to 38 was of course momentum and a lil rainbow chasing with BUt i believe the drop @ 38 coincideded with 2 things, BR orginal ( or their clients ) buy in AND the signing of the Placing which set the bench mark around 26p and down we came from 38p.
The consortium for want of a better name aquired shares @ 14/18/23/ etc then triggered the placing, momentum did the rest and once placing rns dropped the sp was always going to slide to 26p.
My play would have been in the thousands lol Dimitris was in the millions but those in the KNOW who wanted this placing are pretty sure that 26 is a mega bargain and would have had no trouble with this scenario.
It could have been " IMPLIED" Not couched as i have but the implication would have been the same, i will place @ 26p get there and trigger it however you like :)
If true this guy is to use a young uns terminology is " the bomb " :) gla
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