well, hard to know how the SPP applications will go. Right now the issue price may be BELOW $3.85
If we sit in the 3.90s, then you have, say 3.95 x 97.5% = 3.85 exactly. Each 1 cent below 3.95 is a 1 cent below 3.85. And guessing the included dividend will be 5 cents, franked, the SPP guys are getting in below 3.80. Maybe.
But the crashing price may scare people off. I hope it scares them off. I am hoping for 50% of my requested allocation.
Ann: Share Purchase Plan, page-13
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