Post #: 8842501 on this forum earlier mentioned something about the possibility of a Retail SPP.
If this is the rumour doing the rounds then the obviously implications are that any such SPP would be at the same price or lower then the last placement at 25.5c.
If a retail SPP is being planned you would assume it would be fully underwritten. That being the case those in the know would be driving it down.
What retail investor has any money left to put in more. I wouldn't.
Therefore it would majority go to the underwriters.
If its being driven down for this reason it's a win win for the underwriters and Insto's with deep pockets (provide it all works out for the JV project)
I don't know if there is going to be a SPP for retail investors. I just pondering on what somebody else previously said.
Either way this is a total disaster for any LT investor.
GBG needs to clarify whats going on and we shouldn't need to be telling this!!!
GBG Price at posting:
22.0¢ Sentiment: None Disclosure: Held
