Ann: Same Class Equity Offer (Share Purchase Plan), page-46

Yes, it is possible to buy on either exchange through the SPP. You could even buy on one and transfer to the other later.

Traders don't like capital raisings, let's face it, but investors who held on 25 August have an exclusive offer to buy at 2.2 cents and get some options for the trouble.

NTL doing a raising will annoy some people, and fair enough, but in the longer term we know that we could wait for bulk sampling revenue to come online and fund additional Deeps sampling over time.

Albeit, with the JORC upgrades from the Deeps project it seems like they have decided to go big. SPPs are kind of like a voting machine in that respect, if you don't want to go big then don't buy on the SPP. If the company doesn't raise enough to go big, then the fully funded bulk sampling project still goes ahead anyway.

My feeling is that the raising must have been done with a plan in mind, looking now for the company to unfurl its reasoning. AGM must be coming up soon, so they surely don't want to face a mob haha... Although given my participation in the rights issue last year I certainly won't be a member of that mob, NTL is doing great from my perspective!