Yeah I'm surprised to see any participation. I get the principle behind money spent on spp adds money to the company whereas buying already issued shares doesnt. But it's not up to retail to pay a premium so the company has cash.
whoever advised the company to do a spp in the first place should be shown the door, should have just got an extra million from sophs and saved a month of dickin about for the sake of 200k.
Ann: Share Purchase Plan results, page-16
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $22.10M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.0¢ | $17.11K | 326.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 399195 | 1 |
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| MAG (ASX) Chart |