PDN 1.94% $9.60 paladin energy ltd

Ann: Successful Completion of A$200 Million Placement, page-52

  1. 1,729 Posts.
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    Hi Aleksander.

    My reference here as "rubbish" is that the SPP allocation is so small, it is of very little use to us retail investors.

    The big boys were offered $200m and the rest of us only $15m

    72c price is an attractive offer, but with the size of the allocation any retail participation will be scaled back quite heavily making it a "rubbish" offer in reality.

    Hope this clarifies my loose wording.
 
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