Management I would think will be conservative and mindful of the amount they allocate to the retail SPP. They have already got full allocation for $75mil insto SPP investment and they’ll need to protect the SP because of it. The SP rise after the SPP ex date is reasonable. Whether or not this is to do with accumulation due to better than expected flow results (insiders) or accumulation in speculation of good results we will soon find out. I’m hoping its the former and the returns on the SPP will be great for all involved.
Ann: Share Purchase Plan Opens, page-79
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