Personally I have chosen not to participate in the SPP.
I see it as too risky that I could send my $15k in, and if the price shoots up in the next 2 weeks, then I end up getting 1/10th of the shares I think I will get.
Would rather wait and see, if the Price drops back down closer to the minimum 0.4c mark that is beneficial to the Underwriter... well then there will be plenty of cheap shares to soak up.
And if the price rockets up, I am sure it will still gap down close to Xmas, so can top up then at SPP levels or cheaper.
Regardless of the SPP and expected movement. Current prices give an MCap of $13m... which is cheap for the expected 200+oz/month planned production.
Either way, the SPP format is outside of my Risk comfortability.
Highly positive on the stock, but on the fence regarding SPP.
Good luck to all, Do your own research.
The above is all just an opinion and not trading advice.
NIU Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
