Problem I have with the placement SP compared to the SPP price...

Problem I have with the placement SP compared to the SPP price is that Shaws would have known that the SPP would be limited to $1.31 but they bargained the placement down to $1.27. My suspicion is that SLX knew that they needed the A$33m and were persuaded by Shaws that they could not raise the $33m unless they secured that placement price (i.e they needed to go to sub-brokers) - we will know when we see that cost of the placement if the fee is about 5% - 6% then SLX will likely have been given a hard bargain by Shaws over the placement price - since we got a statement by a poster that they (as a sophisticated investor) only got 25% of what they requested, this evidently did not turn out to be the case (it must have been quite embarrassing to SLX that they were not at the same price - first time I have seen different prices for placement & SPP). I guess that SLX are now not expecting too much from the SPP (i.e only partial support) and will hope they can get by with the money raised in the placement & SPP (partially supported), their 6,572,727 IQE shares, the money they still have in the bank & hopefully some revenue from IQE royalty and/or ZS-Si production from end of 2023.

It will be interesting to see if the Directors subscribe to the SPP.