"Under the Share Purchase Plan, eligible Argosy shareholders...

"Under the Share Purchase Plan, eligible Argosy shareholders will be invited to subscribe for new ordinary shares in Argosy at the Issue Price of 22 cents each up to a maximum subscription of A$15,000 per shareholder. Participation in the Share Purchase Plan will be open to shareholders who are registered holders of Argosy shares on a record date to be confirmed and whose registered address is in Australia or New Zealand.

Any shareholders who might be thinking about dumping their shares high and getting in the SPP at 22c, think again because you wont get any if you're not a holder

Excellent Announcement. Raised at 22c instead of 8.5, Offtake agreement still stands, China JV still stands and they are still considering investment in stage 3. If that doesn't give you confidence then I don't know what will.