Hi Trading Wizard.
Mango, for all we know some could go for the min ($400.00) worth, I think it is. Technically this is supporting the SPP, in reality it is not. If they were all going to support it 100% then they would announce it don't you think ?
Dave did say that the Directors " will individually invest to the maximum extent possible, bearing in mind their personal financial capacity to do so and normal prudential considerations regarding balanced risk-weighted portfolio investment." That does not sound like they are only "technically" supporting the SPP.
I do not wish to drag family members into the discussion but Philip Wood has many holdings and not all in his own name. His son was the youngest shareholder 3 years ago and more than likely still is. How many $15,000s do you think he could scrape together to cover the holdings of his family members and joint holdings?
Get real.
Cheers.
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