10 x oversubscribed = the price was set too cheap It's...

10 x oversubscribed = the price was set too cheap

It's unfortunately one of those rare times that we should have seen the SPP set at a Premium to the share price.

There isn't now, nor has there been for some time, any volume available on the sell side... so that should have dictated the terms of the SPP imo.

Might not seem like a big deal, but long term the extra dilution can make a big difference. Not to mention the support it could have provided the share price right at the top of its recent run.

I feel management needs to seek better advice in this area.