expected to end prior, page-74

Look , its an SPP!!! Not a Rights Issue or anything else!!

I would expect a low , say 20% uptake , so perhaps 1000 applications for an average $5k = $5m

The reason the applications will be so low is the shareprice is not high enough at this point to show a certain profit , and by the 19th Nov 400m odd new shares will be washing around the market putting further short-term pressure on the price (possibly back to 5.8c if mkts turn south).

Given that there are 4200 of the 5300 shareholder who hold less than 100,000 shares , I would guess the SPP would be offered in $3k , $5k and $10k bites.

I stand by my comments that you will 'get what you apply for'.


That was your comment. The SPP was oversold and we only got 55%.

That's all I was referring to. Yes

Dg