Pretty interested to see the “changes to substantial holding” or “becoming a new substantial holder” announcement which is going to eventuate from the cornerstone buying of 80 mill shares in the placement.
If it’s Platinum, we’ll get to see how many shares they had prior to this allotment. They fell off the radar since announcing 11 months ago that they ceased to be a substantial shareholder.
On another note - ANP had 9 months of opportunity (before mid-April this year) to CR at a higher price when the shares traded between 8-11c. The price of this CR (and the limits on the SPP amount) seems to indicate (IMHO) the Instos (probably one) were setting the price and limiting dilution by other shareholders.
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- Ann: Intention to launch Share Purchase Plan
Ann: Intention to launch Share Purchase Plan, page-49
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