I decided the price differential was too compelling and decided to risk loss of control of stock for a few weeks. I figured that a sell of that many at $1.18 de-risked this a bit as it is reducing my average (ie 5263 out at $1.18 replaced by 5263 at $0.95 from SPP).
Anybody know of the status of the SPP - I suspect it will be oversubscribed given the heads price now - so our allocation may be reduced somewhat. They did however hint that it was first-come-first-served in that they may close the subscription early once it is fully subscribed.
An oversubscribed SPP would certainly give strong support to the SP, though I would be a tad annoyed if I only get half the allocation and this shoots to $1.80 again.
spp status
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Last
$1.89 |
Change
0.010(0.53%) |
Mkt cap ! $2.143B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.86 | $648.6K | 345.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 15348 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 19243 | 15 |
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| Last trade - 11.02am 02/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |