SLT 0.00% 0.7¢ select exploration limited

Normally an issue of shares is seen as a negative butlook what...

  1. 1,458 Posts.
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    Normally an issue of shares is seen as a negative but
    look what we're getting for them. I was wondering where SLT would find the money for this payment( as
    far as I can remember the $1million was mentioned in
    the prospectus as a payment down the track). For the Institute to take it as shares rather than cash appears
    to back the company(IMO).
    I'm surprised it didn't move up a bit on that news. Only
    70,000 of the SLTO went through but somebody can
    see value down the track(IMO).
 
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Currently unlisted public company.

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