It is unlikely to be fully subscribed by retail investors and no one will be concerned.
Remember the institutional investors were suppose to get $40mill but the demand was so strong that they made a decision to accept $50mill, yet the the demand exceeded even this.
Don't be suprised if some of those big fish are keeping the price down(this morning they were caught by suprise by the buying but they rectified things later.)
You can bet they will take up the balance not taken up by retailers. I don't think GFA will be offered any.
This is the last chance for institutions to get a large parcel without lifting the price by buying on market. Good luck to them.
Those of us that have decided not to take up the $15,000 SPP @ 62c you better be buying on market now, because after 12 Nov the insto's won't be holding the price down any longer.
CQT Price at posting:
58.5¢ Sentiment: LT Buy Disclosure: Held
