Ann: Oversubscribed placement raises $20.9m, page-21

Who will make money tomorrow and who will lose!

some will think the sp will dive to 2:30 and bail....

some may think it will go lower.... and they will bail....

There is no doubt the sp will drop then recover.......

Petra are bullish on the stock and have big clients and given it was oversubscribed there will be plenty of support at $2.30 and higher levels. It will be there if not on screen certainly off screen. They don't want to put there clients into the stock to the tune of $20m and have them lose money!

They could also play the game, let it look weak and even shake the tree before mopping it all up at a cost to mums and dads.

This is an opportunity to make money ...... and lose some if you don't get it right!

The sp is worth way more than $2.30 and was as high as $3.30 on the back of the forthcoming deals.

So... what's changed....there is still $330m of deals due, and very soon, and in many cases announcements follow placements as the hint of coming announcements are used as a carrot to entice participants in the placement to ensure it is filled.

My guess is the bots worked to get the sp down from the higher levels for the cap raising. Job well done Mr Broker! Now they will play the game back up.

There is no doubt it will sooner rather than later be well over $3 but there will be a little pain first.

Cheers