SVY 6.25% 3.4¢ stavely minerals limited

Ann: Trading Halt, page-24

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  1. 4,793 Posts.
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    i wanna know the Proportion of the SPP, for example:

    if CR account for $2m, then SPP will be $3m so 8.82m Units will be allocated to SVY holders at 34c, given total SOI is 122m, so it cant be 1 for 1, 5 for 1, but 12 for 1, which means if you hold 110000 units, you Only entitled 1000 unit at 34c..

    so If CR account for $3m, then SPP will be $2m so Only 5.88m units available to SVY holders, given 122 SOI, it will be 20 to 1, which means Only you hold 200000 units SVY shares, you can have 10000 unit...

    given SVY is really tight SOI so when take account of 70% holding for Chris and associates etc, only roughly 30% left to the rest top 20 and 40 and small retailers....

    so 30% to 8.82m only get 2.64m roughy to apply by us if SPP is $3m and 1.76m units if SPP only $2m..

    basically, Chris give him, his associates, top 20/40 and us small retailers a chance to apply SPP and buy on market before the inevitable hits given i also stated those amount and widths of Copper/Gold aren't from no where and there must be a Orebody nearby down there....
 
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