Who says they'll re-price the SPP? It's not like we desperately need the cash for working capital.
If the SPP is unsuccessful, which right now it looks like it will be, then I would be in favour of a placement to an institutional investor at 2c. Shareholders had their chance to participate and instead decided to sell and hammer the hell out of the SP. I wouldn't be giving existing shareholders another chance to participate in a SPP at a discount, at least not right now.
The alternative is that we just stick with the original plan and do things a little bit slower. The gold isn't going anywhere.
Ann: Annual General Meeting Proposed Changes to Constitution, page-23
Add to My Watchlist
What is My Watchlist?