@Karl89
Thanks for clarifying mate.
I am undecided at this with my feelings on this SPP. It makes a lot of shares and options on issue.
I originally put 7k into the old options, 7k into the heads as PSL and previous names, and found a spare 1k to take part in the placement to get listed. So, 15k for me, and all I have seen for a return is 1.5k when I sold half my placement shares for .003.
New management, good tenements ets, but it feels like It is a money pit right now. I used to be a wage earner, now due to circumstances I have to try and make a few shekels doing what I can. I can raise 1 or 2k but most here would be risking a lot more to take part, thats why a pro rata placement would have been better.
Changed sentiment to hold from buy.
Ann: Capital Raising, page-24
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