Lots of posts about the SPP recently
Will it be overprescribed,will it be undersubscribed etc etc
Just been milling over some figures
PRR in its ANN said it aims to raise A$20 million from the PRR along with A$18 million on offer to institutional and sophisticated investors,which was oversubscribed and from memory raised A$21 million
Some posters said that money was returned to some parties,but I do not know how accurate that is.
As for the SPP,having around 7500 shareholders it would only take an average $3000 take up per holder to raise A$22.5 million
Seems reasonable to me that we should anticipate full subscription
For myself I went for $8000, finance limitation wouldn't allow me more
KEEP THE FAITH
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