I expect applications for the SPP will exceed $2 million and that the Board will accept the oversubscriptions.
"Metgasco is seeking to raise up to A$2 million under the Offer, however the Company reserves the right to accept oversubscriptions above this maximum, if this is deemed to be in the bests interests of the Company at the time. In determining the target sizing of the Offer, the Company’s Board had regard to (a) the anticipated funding needs of the Company under various scenarios, (b) the overall size of the offer, on the basis of differing levels of take-up, relative to the Company’s current capital base, and (c) the estimated level of potential shareholder interest in the Offer"
MEL Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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