WMT western metals limited

spp minimum holdings, page-2

  1. 1,458 Posts.
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    Isn't the SPP a bit of a red herring? How many shares
    are people actually going to get?
    In the SPP announcement they mentioned that there
    were 6000 shareholders with less than $500 worth of
    shares. Even if ONLY they applied and ONLY for $3000
    (not the permitted $5000) that would be $18million
    chasing $8million worth of shares which would net
    them $1333 worth of SPP shares.
    I presume a largish number of people may have bought $500 worth of WMT with the plan of applying for $5000
    worth along with all the current holders who see it as
    moving north and who are itching to get more at 21c.
    Surely there is a huge risk of tying $5000 up for
    a few weeks and getting less than a $1000 worth
    of SPP shares.
    Please feel free to check my figures but is it worth
    bothering with at all?

    I hold WMT and I am not a financial adviser. Do your
    own research before investing.
 
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