When GSW did a raise at 80c the stock took off to $4- or so before some ASIC please explain that hurt them.
My guess is a hell of alot of investors wanted a piece of Titomic and didnt need beer goggles to see if they bought on market they would push up the stock and pay doubles.
Id be thinking the Titomic team referred any intrested investors to their Broker, to group in a placement for a few parties.
I expect that a few 'in the knows' of the Ti space coud see TTT as a worthy investment and wanted in with a slab parcel without spiking the SP and paying overs for their slice.
So the TTT team has most likley secured a few new investors that are in the Ti game with other Ti businesses.
My Guess is that this 12m bucks is the right amount at the right time to the right investors.
This company has done everything right so far, I expect they have secured some investment from those that may even be in need of Titomic services. So its a win win.
If Im right and some of the 12m is from potential customers then these customers have a win win by doing good Business with Titomic. Any deal for buisness will be bullish for their own investment.
Anything could happen short term as a few may get scared with the unknown, But I reckon its a cracker of a deal. An extra 12m in the kitty means Titomic can employ some more Talent and get this production cracking.
I reckon its Bullish, medium to long term. Short term choppy. but it could easily pop 50c Up,
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