You can buy them cheaper now yes.
How it works though from my understanding, is there is a pricing average leading up to the closing date (the VWAP) for the SPP, whereby if the price has been smashed by shorters, or for whatever other market reasons, and is well below the $1.80, then those participating will get their allocation at 2% discount of the current average price, which is priced on the day lower than the 5 day average on market SP. It is designed this way to always benefit holders wanting to participate. Plus, if the current on market share price is way higher than the $1.80, say around $2.30, then it means a massive savings for SPP participants. If it’s lower than the $1.80, then again, a savings for participants (2% lower than average market over say a 5 day period).
Participants will benefit either side of the $1.80 mark. Obviously lower than $1.80 would mean more bang for your buck. Me, I’m not fazed either way, as this is just to assist our great Lion to fulfil their destiny, and eventually the SP should IMO have a gradual projection upward. Onward holders. GLTAH
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Mkt cap ! $2.425B |
Open | High | Low | Value | Volume |
97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 92465 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 20810 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 7899 | 1.000 |
1 | 500 | 0.995 |
8 | 89016 | 0.990 |
2 | 45000 | 0.985 |
7 | 44847 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.005 | 20810 | 3 |
1.010 | 116403 | 10 |
1.015 | 350777 | 9 |
1.020 | 656356 | 13 |
1.025 | 5000 | 1 |
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