Yes totally think so, the SPP will be probably heavily over subscribed. I have checked Fy23 company annual report, MKG got around 1600 shares holders at 30/06/23, assuming the number not change much since then, and also take out non Australian and NZ sharesholder ( they cannot apply in SPP) and take out those who have no sufficient funds or do not wish to apply SPP … let’s say in the end only 1000 shares holders applied SPP, since SPP only offer $500k value of shares, then $500k divided by 1000 applicants, so on average each applicant can only get $500 worth of shares- that’s only 50k units of MKG.
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Yes totally think so, the SPP will be probably heavily over...
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