Ann: Entitlements Offer - Dispatch of Offer Document/Forms, page-3

As soon as i saw that retailers could not apply for additional shares i thought to myself that the price would fall below the offer price. If we can apply for 1 for 16 means that approx 6% of the company is available for this price? Now to buy on market a chunk this size would have to see the price pushed upwards of 10c? The fundamentals have not changed if anything improved. Has not taken much to drop the price to where it is and only fear would cause holders to sell.
Does anyone know who is the underwriter for the shortfall?
The research notes all point to a severely undervalued company at present based on the facts of what we do know let alone the probability of finding more if not larger deposits.
Samples have to be retested if above 2% cu? I think I have read this somewhere? Maybe this is the holdup.
I hold not due to the current t3 resource but the multiple oportunities that exist.
Just a wild theory from a novice. No proof to anything i write. GLTA