From the last Annual Report, there were only around 3,000 individual shareholders. Given the price has gone up multiples since then signalling increased demand, I'm assuming there would currently be somewhere around 4,000 individual shareholders. If that is the case, and with a maximum of $10m to be raised under the SPP, then I can't see that we would be getting any more than the minimum allocation of $2,500 (or 1250 shares) under the SPP. If only half the eligible people apply under the SPP, then we would still only get $5,000 worth or only 2,500 shares.
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1 | 5000 | 0.745 |
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