I thought at the time that they should have offered more opportunity for those who applied to take up the slack. I would have purchased more than 50% extra given the opportunity in the SPP - however I'm unlikely to buy more on market for $2.30.
If there are more like myself, then we can conclude that there was potential demand to untap that they failed to reach - finding demand for the co's financial products is a key goal for the CFO and their team.
Hopefully the reason that only 50% additional was offered was that the underwriter was keen to pick up shares and has no intention of selling any at these prices. Otherwise neither the underwriter, nor the company, had any incentive to place this restriction on the SPP
Ann: Lynas Successfully Completes Retail Entitlement Offer, page-18
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