flotsam. I agree. Management hold a lot. Many bigger holders will not bother. I for one probably won't. I've done very well already and would rather see smaller holders get a shot.
Interesting that management probably hold too much for a rights issues in the next round so expect a bigger SPP.
I also think that this is not the main funding exercise. I would expect much more around October.
End of the day might depend where the SP is when the deadline approaches. If it's at 24c will be different to if it's at 32c
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