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2.5¢ st george mining limited

News: St. George Mining increases share purchase plan to $3.6 million, page-43

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Kyliz

212 Posts.

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31/05/20

17:46

Post #: 44946977
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Originally posted by Stan123: ↑

Cheers, I tend to agree. Meanwhile, here’s my message to folk like JGPM given I estimate the CR will be oversubscribed to a total of $9,013,800. SGQ should help it’s shareholders mitigate risk. Ji Scale back on a sliding scale. Consider a large holding to be 250,000 shares ($20,000 at 8c each). Anyone with a large holding and therefore likely a higher loss on paper to date gets their full allocation without getting scaled back. Consider a small holding to be 10,000 shares. Anyone with a small to large holding gets their allocation scaled back on a sliding scale set to cap the CR at $3.6M. Anyone with a holding of less than 10,000 shares gets the same percentage allocation as someone with 10,000 shares. If the $3.6M cap is still exceeded then increase the definition of large holding.

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It’s up the investors to match their risk profile to their investment strategy. Directors need to allocate the shares based on the offer and in an equitable manner, not in favour of one group.

I like that they have treated everyone equally, especially considering that some long term holders may have been forced to sell some shares due to covid issues.

SGQ Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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