$5m at 20 cents - a 5% discount, and over subscribed by institutions. Not a bad result. And the institutions are now bound to continue buying/supporting at these levels. This should provide a bottom support. I think we've now seen 'rock' bottom at 19.5 cents!
A shame current shareholders we not involved. Guess they would have had to provide a 'bigger' discount to us to make it worth while and then would have provided more uncertainty.
If this is the last of the capital required it now game on...
Gus
PLA Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held