I really think these turkeys left it all to late. I held on the hope that this SPP would happen earlier and ay a better price.
There are now 233 sellers in the market with 40 buyers and the price is sitting at $0.375.
I dont think they are going to have to hold the EGM to cover any over subscription when they are offering the SPP at $0.36.
They missed the boat.
I hope they run the company a little bit better than this has been handled.
Regards
Stu
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queensland gas company limited