Ann: Additional $10M Strategic Investment and Abra Update, page-37

In my expirience, when a new investor secures such a favourable placement at very convenient terms and timing (ie just before significant derisking events), they often have a handshake agreement that they’ll buy on market for a % of the placement amount so we may see some big volume buys up 40 on Monday. IMO the small pullback on Friday afternoon was just traders exiting before the weekend.

Regarding Toho, the exclusivity expires on 31st March so they may in fact be aiming to lock it in before then. One of the key DD conditions is that the the value of AMPL doesn’t reduce by $2m (except under certain agreed areas) so it may be that the pending PFS is the key DD point. If it shows an increase in the NPV and therefore a higher value to AMPL, it may be the final condition for the deal to proceed. If so, it could be that we get the PFS and Toho deal close in the same week. Now that would be a great week for SH ( and it could be this week).