Excellent analysis, and you are right, this is the highest underwriting fee anyone has seen recently. The whole bordered on pathetic. I guess people in Perth know how to scratch each others back at shareholders expense.
I am thinking of getting rid of my holding with a small profit (mainly due to dividend) - not comfortable with the way things are done at Aspen. Something is telling me that SP will be just over 30c for a very long time (whilst Euroz slowly gets rid of their shares). If you watched balance of sellers and buyers, it changed dramatically after the raising towards the sellers.
Your post & research was most helpful
Cheers
APZ Price at posting:
28.0¢ Sentiment: Sell Disclosure: Held
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