SPR 2.58% 99.5¢ spartan resources limited

It's a unique scale back provision they've reserved, and I like...

  1. 566 Posts.
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    It's a unique scale back provision they've reserved, and I like it which will give the share price support.

    "When determining the amount (if any) by which to scale back an SPP application, the Company may take into account a number of factors, including:
    * size of an applicant's shareholding in the company;
    * the extent to which an applicant has sold or bought additional shares in the company after the SPP record date;
    * the date the application was made with earlier applications given precedence"

    Rewarding LT shareholders for their patience.

    I would personally add:
    * tenure of shareholding = loyalty to Directors / management
    * opt for (if any) .... (unless you think banks give gold companies love )
 
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