AGM
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0.00% $1.60 australian governance & ethical index fund

BBMColdn't agree more. A bit of profit takingThe SPP is a...

  1. chinkiat
    1,050 Posts.
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    10/10/03
    11:03
    Post #: 267235
    BBM

    Coldn't agree more. A bit of profit taking

    The SPP is a relatively small issue. I think Tony Howland Rose has just decided to get it out to the shareholders to bring in a few bucks and keep things sweet. I really think he is delaying any serious funding moves whilst waiting to see whether the 20c options get over the line. There would certainly be no point in raising 9million from the stated rights issues,placements and notes issues and then getting another 12 million from options conversions. The 12 million would certainly be handy but the dilution would not be.

    Chinkiat.
    AGM Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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