Ann: Venturex Completes $3.65m Placement, page-3

Yep, certainly explains the sell down and complete lack of buyers during the week leading up. Notice all the sellers from last week have pulled off the screen also lol. Making sense AJ's trip to Sydney early in the year rather than present at the Freo RUI conference, obviously been the plan for a while, no wonder Euroz is stroppy. Blue Ocean bring in new eastern states money, fair enough, plenty in WA already have their fill or are just jaded on the story from so many false starts. Certainly being given the nod that a CR was coming to get exposure cheaply without the need to chase shares up on market like us muggins must be nice.

Hopefully management are confident of 'alternative' funding for the finance equity and this is the last chance for insto's to get set cheaply. The share price action from here on should give us some clue. Certainly though I would hope that this $5M doesn;t need to see us through till the end of year, one would hope the EPA approvals and financing package was done and dusted well before then.

Onwards and upwards, Cheers