I would not be surprised to see the PP at about the midpoint, or around .24-.25. I think there will be warrants thrown in again, too.
I think the share price has been driven down below fair value to ensure this thing will go off below .30, which ironically is a price we were all screaming was totally unfair just a few months ago. Now .30 doesn't look half bad, does it? Big friends get what big friends want, in a credit crunch, when funds are needed to drill MR and expand Ashdown while the moly price is up.
All just suppositon on my part. I did my monthly dollar cost average in today for a few at .165.
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