Moreover it’s important to have Insto on books . Generally management is more accountable when there are larger Institutions on board. Taking a leaf from SPR they only did 1 SPP for retail at 10 odd cents and then it was all institutional and hnw placements. it’s these very institutional investors who would trade a non producer with 2 billion market cap . Retail has its limitations. Having the right institutions is a confidence in the company and the project and if it means dilution then it’s a cost of doing business. As long as we are getting the right type of investors on board. I enjoyed the ride on SPR from Gascoyne days . I was also lucky to get WA8 at 5 c placements in Dec but I will always welcome long term institutional investors on board . It adds immense future value
WA8 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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