LIke I said before, if the extra capital means that they are going to get stuck into drilling and analysis then I am OK with that. With the rise in the POG, this is not a time to hang around. Does anyone know the technical team at SAU? Perhaps it needs building up? If we had been offered shares at 12c, would we be buying in or let the SP go below that like it did with the last SPP, and then bought? Last time there was the offer of options along with the shares, even if they were unlisted and without that, I suspect retail investors would be somewhat reticent this time. If the SP goes below 12c I may pick up a few more. After the last SPP, which I bought into, I managed to increase my initial holding by 130% for zero outlay by selling down soon after the issue, because of 55% gain on the SP. Lets see what happens this time.
SAU Price at posting:
13.5¢ Sentiment: None Disclosure: Held
