I took the hit and sold, thats a terrible placement price as its less than half the recent VWAP but if it was approved at the last AGM then that makes sense why it was so low
on the plus side it does look like it went to major long term holders all who are Chinese so could bode well for the future of this company if they can assist with offtakes and supply agreements etc
Ann: Successful Share Placement and Appendix 3B-LML.AX, page-7
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