spp - wast of time

I don't know why companies bother with a SSP. Its meant to appease small retail holders for the dilution effect of the Capital Raise. It almost never works. Many wanting to take it up try to sell shares at a higher price to buy back in SPP for an arbitrage profit. The SP just gets sold down to the SPP price and beyond. Some who bought in the Cap raise get nervous and sell ........Big waste of time and money IMO.

I'll probably hold on to my shares as I think we can get 50cps out of it some time towards the end of next year if things go to plan.

I've certainly learnt a big lesson here. Its very hard for a small company with no income to transition from explorer to producer. Bit like my 17 yr old going down to the bank to borrow $80k to buy a HSV Clubsport. Good luck with that.