WTM 6.45% 29.0¢ waratah minerals limited

Ann: Share Purchase Plan offer document and application form, page-9

  1. 107 Posts.
    I am not certain if im right here, but if you can get shares at $0.021 per share, why would anyone put money at $0.22 per share in the SPP.
    So if this is the case, doesnt it kind of put a hold on the project, if its cheaper to buy the shares outright rathern that the SPP.

    If I am wrong, im happy and desiring to be wrong.
    What does everyone else think?
 
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