"The Company would also like to confirm that all board members intend to take up their eligible entitlement in the SPP"
Was what was said on April 1st.
You would think this means $15,000 worth. With a annual salary of $256,881 you'd think Mr Kallis would have enough spare change to take up his "eligible entitlement" of $15,000 rather than the $7,500 he put down.
In general I'm happy with management but must say I have noticed they are just slightly misleading with their announcements.
Maybe I'm still ticked off by the temperature measurement delay in which they kept investors in the dark. This is clearly the cause of the drop in share price throughout January and February whilst surely they knew it would be critical to maintain a high share price given the capital raising that would follow.
PTR Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
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