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No - it means they have rasied the money they were looking for to fund the project.
Others who may have wanted to buy the placement will now have to buy in through the shares, and obviously the placement takers believe in the prospects that are up and coming top take BPO to new levels.

Yesterdays buying was a clear indication that the placement had closed over subscribed - and that more news will be coming out soon.

Be there or be square!! Or think outside the square!! Same result - worth a dabble!!