Ann: Ardea Resources Limited - Second Supplementary Prospectus, page-2

Does anyone have thoughts about how the Ardea SP may hold up in the days following its listing?

I'm interested in buying ARL shares but concerned the SP might tank (41.5m shares allocated to HRR SHs, many of which I fear could be sold once they are received).

I'm aware of the 1-for-3 loyalty options subscribers receive after 3 months (exercisable 0.25c) but wonder if this is kicking the can down the road. I don't see impetus for a positive re-rate in this 3 months and believe it's inevitable many holders will dump what they have the day after this period elapses