bigger than elm and stb combined, page-86

A well handled placement with benefits for existing holders such as free attached options need not necessarily send the SP into reverse.

TRH doesn't have many shares in issue so to issue some more at a decent price will help increase liquidity and make the stock more attractive to larger investors and smaller funds.
Another 5 or 10mn shares at $1 for example.

Having said that of course there is no hint of a cap raising atm as TRH has both cash and 36% of RAD on its balance sheet.

Maybe someone from TRH was visiting Port Philip Publishing in Melbourne on the 15th .... but I wouldn't know as I don't live in Australia.

EB