spp closes oversubscribed

Thats good news people. That gives FWL enough $$ to continue going about business until the 20cent placement is passed by the FIRB. That means no more springtree rediculous cheap placements. No more cheap capital raisings in the foreseeable future as we will be getting our money at 4 times the current share price!!

To date I have never heard of the FIRB rejecting any chinese investment into this sector. Given how badly oakajee needs chinese support, I cant see the WA premier Colin Barnett, rejecting any investment in this area given he was recently in china looking for support!

Let Sin-tang sell their holdings at 1/3rd of the price they paid for it as all but one box needs to be ticked now for our 20cent placement to start rolling in, and that box is the easiest hurdle out of the lot IMHO.

Happy to be buying more down here.