Interesting PPHow they were able to price a PP at $1.60 must have to do with that nice little sentence within the release:
The ordinary portion of the planned placement is to accommodate significant investment interest from Asian parties.
Been in this stock for a long time and had pretty much written them off. (I bought in for the exact reasons many others have stated but years ago), so I was sceptical that this consolidation would help them as typically they don't.