So we are allowed to subscribe for up to $10000 of shares at 93 cents each. Bigger institutions were allowed a much bigger bite than that. Read the prospectus- if oversubscribed, they will scale back. Well they allow us $20m worth & if everyone take up the attractive rate, then they would get $80m. So if we go for $10000 we will probably only get $2500 worth. Also if you have several share funds in your name, you can only buy $10000 worth between all the funds. Boy they reward us. I'm thinking of selling when they hit the $1.40 region again & buying more of a decent iron ore company in Roy where the SA government is dead keen to help. We could have bought a few days ago at close to 93 cents anyhow.
GBG Price at posting:
$1.05 Sentiment: Hold Disclosure: Held
