so I wonder what the implications of not getting many to take up the SPP? Surely most would refrain from putting more money into company at HIGHER than current market price? At what point is the cash going to run out (especially with active drilling going on?)
I certainly don´t want current holders to lose any more value but I think it is better that fewer people get caught up into paying more money mainly for the pockets of directors!
SPP currently closes 12 July but you can almost bank on the fact that if the share price has not increased by then an extension will be made- they are also probably actively calling shareholders to try and promote spp.
time will tell....good luck to all holders- I think you might need it!
nextime
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