plane, the share price is behaving as it should at this time. It has stabilised in the 6 to 7 cents range and it should rightly stay there until it is announced that further hurdles have been overcome. In fact I would be suspicious if it shot up for no reason at all.
The great thing about this stock is that there is a solid strategy in place and that there are potentially quite a few positive announcements in the pipe line.
IMO we shouldn't place too much importance on whether the SPP is taken up by shareholders. If it is, it is. However if it's not, I don't think that it is a big deal. It's what happens in medium to long term that matters. Fortunately, thanks to the good work of Martin Rogers, funding is not an issue at this point. The $2M to $3M which is expected to be raised by the SPP is neither here nor there when one takes the big picture into account.
I suspect that shareholders will get another opportunity at a SPP further down the track when there is more certainty regarding potential success of the company and when the company needs cash to finalise the journey to commercialisation.
At this point in time, all looks good to me.
PRR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
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