Red Rock Resources - Re: Share Price Discussion - In my relatively little experience...

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12:14 22/11/2012

In my relatively little experience of the stock market (since 2008 crash) I have not seen a single placing where the placing price has been the actual price of the share on the announcement day.

The important thing to consider is the percentage discount. So in this case, its about a 25% discount which is not too surprising I guess. If they'd have gone in at a 50% discount I'd have been _more_ annoyed. Don't get me wrong, I'm annoyed about it, but equally, if an investor is taking 60 mill shares they are bound to want to , and be able to, haggle the price.

There's no right or wrong answer I beleive. It's just a case of making the best informed judgment with the info we have to hand and from experience

Time will tell!!