Yes, that struck me as strange. I had thought this was their plan to fund the remainder of the Collie micronising plant however the use of funds as mentioned in the announcement provides no funds for that.
Like with @barneydigs I too only have a small holding so had recently been looking to increase my holdings so this SPP comes at a handy time.
Ann: Successful $3M Placement & launch of SPP Offer, page-9
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