Shareholder Share Purchase Plan closes tomorrow. Maybe that will make the market price a bit clearer. The market price has been hovering around the SPP price for a couple of weeks. Seems to have been a battle of wits between those that want to see the SSP being successful or not.
Hopefully we won't see a price pull back after the SPP has been put away. I have taken up the SPP and bought some more on market. If DR can pull off the development program as planned, I have seen forecast eps of over 15c in 2-3 years time. On this basis, a share price of $1+ looks a lay down misere.
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- Ann: Share Purchase Plan Offer Document Despatch
Ann: Share Purchase Plan Offer Document Despatch, page-72
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