share purchase plan, page-8

Firstly, the SPP is closed now.

Secondly, I posted a clear argument a few days ago why I subscribed to the SPP.

It all has to do with expectations of what will happen to the SP *after* the SPP. If it fails, then I expect the SP to drop - so I don't really want the shares. If I bought on-market, I'd be stuck with them, but if the SPP fails, I'll get my money back.

On the other hand, if the SPP passes, I expect the price to increase, and the difference between 8.1c and 7.5c (or whatever) will not be meaningful.

Think of it as an insurance policy against the SPP failing.