I haven't taken up any allocations in the SPP in years... anyone still holding shares under the circumstances are being supportive enough. Brokers have had TNGs share price valued much higher than 8.3c through out the years and the reason for this imo is due to PBs actions and idle promises. Dilution would have been far less had the sp been a more realistic price when giving 15% discount at Market.
The sp should be climbing considering we're at the pointy end and yet here we are with a M/C 93mil and a sp of 8.3c the same as of 5yrs ago...great investment hey. Going on what PBs said in the past we should be in production and earning dividends by now.
I obviously don't trust PB for good reasons...although to have him removed altogether will imo have more harm than good ....perhaps a lesser role as a paper boy with a salary to match.
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