I subscribed for my full allocation and other family members as well to a total of $105,000. I anticipate it will be fully subscribed as imo it was a no brainer with the VWAP less 2% discount. My back of the envelope calculations tell me the issue price for the SPP will be at around $1.46 which will mean for anyone's $30,000 investment they would receive maybe 20,500 shares.
I was just listening again to Chris Ellison's address to his company AGM. He has some very interesting observations about the lithium outlook and his own company's strategy in that industry. They are investing hugely and he is not known to be lacking in nous when it comes to mineral development. I'll leave it to readers to find the recording of that address if interested.
Regards
DF
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