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agm, page-11

  1. 8,623 Posts.
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    thanks drywas for the AGM summary.

    My understanding is that there WILL be an SPP.
    I think that they would not need a trading halt for a SPP itself.
    The T/H will be because of a placement, probably related to the J/V they refer to.
    I suspect a J/V, with the J/V party taking a placement and s/h then being offered an SPP at the same price.

    If ICN are going to go flat-out to develop the non-Stanwell blocks, then they will need plenty of cash - so I think that the SPP will be for a max level maybe up to $10k each s/h.

    Am looking forward to Monday's announcement.

    cheers
 
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