Well I made up a much larger % of SPP than I thought ..... Especially when you consider management took up SPP, literally retail holders took up next to nothing!!!
$18M in the bank and ramping up Australian manufacturing, Aus manufacturing is a big positive, just look at PET for a China centric production/sales pipeline to see how bad Chain manufacturing can go. Not making any correlation other than its hard doing business in China and much safer for manufacturing in Australia, and easier on a governance front. So support companies plans to expand Aus manufacturing.
I am bullish on the sector and also bullish on managements ability to continue to win contracts. The last 3 years have been transformational and operationally I see no reason why the next 3-5yrs couldn't be also.
Didn't not like paying overs, did want to support the company, and given this investment is medium/long term (for me) the price paid will be irrelevant in the years/decades to come. Crazy to think placement oversubscribed then SPP basically nothing... Crazy, IMO an opportunity.
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Well I made up a much larger % of SPP than I thought ........
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