Looks like the retail uptake is low. Hence the extension. Happened with a couple of my other stocks in recent weeks, IPT and COE. Both had huge declines in retail take up and did similar extensions. If didn’t change a lot though, in this current market, people are willing to provide more cash in a risky environment, especially when the current share price is extremely below the cap raise price. I did my bit and bought into the SPP, but I also bought on market recently too. Luckily I have left some money in an account to use during the bargain periods and market downturn. However I can imagine 80% of investors right now are just trying to keep their heads above water. Not a great time to undertake a raise that’s for sure.
