The SPP will be oversubscribed and you'll be lucky to get a significant amount......thus I'll be employing a different strategy and buying pre SPP as well trying my luck in the placement.
Many more institutions are involved now and given their total demand was left unsatisfied due to the scaling back of institutional orders in the issue any dips will find solid support.
Any trader types who found their way into the issue and are likely to take profits in the mid to high 60's will be gone as positive news flow drops over the next 4-5wks in the lead up to the upstream PFS.
Don't forget we are expecting Chim Van drilling news to drop around the we same time!
IMO GLTAH DYOR
The SPP will be oversubscribed and you'll be lucky to get a...
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