iceman 1....I would have thought it would have been obvious. Longterm holders have shares and by participating in the SPP means they are providing capital for expansion and thereby taking TOE to being a producer. And as you well know the share price difference between a pre and post producer is huge.
So even with the share price beeing at the SPP the upside of providing capital is significant...also even .5c per share difference is a profit albeit small.
your Disclosure and Sentiment at the foot of your message says it all dosent it....
spp paperwork, page-11
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Last
19.5¢ |
Change
-0.040(17.0%) |
Mkt cap ! $23.45M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 19.5¢ | $279.3K | 1.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 179771 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 40871 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| TOE (ASX) Chart |