Rudders I understand your strategy but I have seen other SPP's where because so many did what you did the SP dropped so much that it was down to offer price. This made others nervous so SPP was not fully subscribed. What must be borne in mind here is that if it is fully subscribed it will increase the value of the SP in that the Company has more cash to extend or accelerate exploration in a quicker timescale thus increasing the potential of increased reserves and a solid and substantiated SP increase.. Perhaps a better idea if one is cash strapped is to wait for expected company announcements that should bolster the SP prior to closure and then maybe sell off what you need to into a much higher market.. Only time will tell best approach but I dont blame you for being cautious and doing it your way..Horses for Courses!! Don
ESG Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
