I'd expect any placement to instos would be snapped up, the...

I'd expect any placement to instos would be snapped up, the share price reaction will depend on the placement price and level of interest. If you think back to the capital raising last April I think it was at a price of 2.30 and by the end of the month the share price was 3bucks, never went anywhere near the placement price. A repeat of that resilience would be nice here, although am realistically preparing myself for a small pullback, with my guess that the placement will be around 8.50.