yeah looks like either underwriting or sophisticated investor...

yeah looks like either underwriting or sophisticated investor placement, I suspected this was on the cards yesterday when I read that letter they sent out.

21c would make sense as it closed at 25c before it went Ex Entitlement, (25c+18c rights)/2 = 0.215 so with a small carrot for the instos. Either that or they place the lot at 18c.

Should be great news IMO, the retail cap raising needs insto / sophisticated support or it's in danger of not raising enough coin and then the SP would slip and they would need to do another raising with a bigger carrot.