Common sense is that if you're truly backing a company you participate in the SPP with what you can afford. If you buy on market, no new money flows into the company and risks programs not being executed. Your 8.3c on-market buy might have been cheaper at the time but I can guarantee you that without the funds needed to execute the program your 8.3c buy won't make you any money.
I have never bought on-market for any of my holdings during a cap raise. Yes, often you pay a bit more by participating in the CR, but you help the company execute their plan (and the options attached eleviates the premium to an extend). If you are already holding NHE I assume you bought in because you can see the potential in the project, so it would only make sense to help them actually execute the project rather than banking on the potential of the project.
Just my two cents - not financial advice.
NHE Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
