PLS pilbara minerals limited

Ann: SPP Update-PLS.AX, page-19

  1. 1,106 Posts.
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    "Pilbara reserves the right to scale back applications under the SPP, at its absolute discretion."

    Pilbara may not scale back applications even if application received exceed $15 million?
    Why scale back if they can get more cash and borrow less for the project cost and operating working capital?

    Moreover, shareholders will be able to get 39,473 shares when they missed out on the $85m placement to a few sophisticated investors. An option to pacify some s/h.
 
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