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  1. Surandy70
    11,046 Posts.
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    23/10/09
    22:57
    Post #: 5825614
    James, I'm not privy to the need for "additional working capital".

    You asked why not a SPP and I gave the main reasons why some companies prefer a placement over a rights issue or SPP.

    I personally don't like placements as they are dilutive for regular shareholders like me. In the rights issue I oversubscribed as I believe in the company and the potential of their exploration areas, although I admit a considerable amount of impatience. ;-)
    KEY Price at posting: 12.2¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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