Hardly. If the SP holds (as it currently is), the SPP will see you buying more shares at 65c. Now, it won;t be until Nov so with shipments likely to commence before then, the SP should be sitting well and truly higher than 65c. Short-term a bit of a downer, but mid-term it will be a cracker.
So, as SH we get the option to acquire cheap shares. WDR as a company releases itself from a high interest finance facility. Win/win in my books for a very minor dilution.
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