I was really puzzled by this as well until I came across this...

I was really puzzled by this as well until I came across this article from AFR which suggests that it may be about to get tougher for the juniors seeking fresh funds coupled with market sentiment could turn pretty quickly following comments by the US Federal Reserve overnight and the royal commission report due to land in Australia.

it is not a long read, Weebit Nano also gets a mention here in the article.

Rush of placements as market sentiment threatens to turn
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Street Talk. Gabriele Charotte

• by
• Sarah Thompson
• Anthony Macdonald

Fund managers have been hit with a flurry of equity raisings on Thursday morning with brokers seeking to get deals done before the weekend.
Bell Potter's equities desk was beating the drum for cannabis business Elixinol Global and gold explorer Breaker Resources in pre-market trade, while EverBlu Capital had Weebit Nano in front of fundies seeking an equity injection and online payments business iSIGNTHIS was also readying for a raising.
Each of the deals was to be done via a placement of new shares to institutional and sophisticated investors.
Old heads reckon the rush of placements is a sure sign that corporate finance teams within the brokers are getting nervous.

Because it may be about to get tougher for the juniors seeking fresh funds. School holidays are either in-train or underway next week, depending on which state you're in, while there are fears market sentiment could turn pretty quickly following comments by the US Federal Reserve overnight and the royal commission report due to land in Australia.
The Australian share market is expected to follow US markets lower on Thursday.
The biggest of the pre-market deals on Thursday morning was Elixinol's $40 million placement. The company was seeking to raise fresh funds at $1.85 a share which was a 14 per cent discount to the last close and a 6.7 per cent discount to the five day volume weighted average price. Funds raised were to increase sales and marketing, for production facilities and potential acquisitions.

Broker Bell Potter was calling for bids by 9am Friday. Bell Potter also had Breaker Resources seeking to raise $10.5 million via the placement of new shares at 29¢ each. The offer was at a 9.4 per cent discount to the last close and funds were pegged for exploration activities. Bids were due by 10am Friday.

And finally, EverBlu Capital was seeking buyers for a $3 million stake in "memory provider" technology stock Weebit Nano. Its placement was at 3.5¢ a share which was a 22.8 per cent discount to the five day VWAP, according to terms sent to potential buyers.


https://www.copyright link/street-t...t-sentiment-threatens-to-turn-20180927-h15xd9