I must remember to always leave a small parcel when I sell a share, so I qualify for the SPP when they make an issue. My sales over $2 are suddenly looking good, except I only qualify for the SPP in one account that just bought back below $1.80 oops.
yes it’s a deep discount, but it will undoubtedly be fully subscribed at $1.55. Small shareholders can get $30k each, which is reasonable for most investors. I doubt they’ll scale back the SPP
It is intriguing they should do this now instead of simply paying out the project loan from cash flow down the track. It is a positive sign of their confidence in the extra exploration, the deep mining expansion and the plant expansion. As someone else commented, it’s beginning to look like it’s being dressed up to sell to one of the global majors.
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$1.30 |
Change
0.005(0.39%) |
Mkt cap ! $1.657B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.30 | $1.25 | $9.627M | 7.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 158111 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |