If this is a public offering, the placing price isn't so important. It's the dilution, which, in a "normal" issue, is a factor of the placing price and the number of new shares per existing share you own.
Clearly the dilution is also a factor of the current share price, but as long as the issue is underwritten, shareholders will maintain their holding (by %age of the company) and the company will get the new funds required. And if you are happy with the price you held the shares at last week, you should be happy with the new issue as long as you are not unhappy with the dilution... which is not an issue for me as I see this company as hugely undervalued.
The main risk would be that the issue was not underwritten and not taken up fully. With the prospects in view, I see this as unlikely.
Victoria Oil stock quotes
Victoria Oil stock charts
Follow this thread
