a new steel mill ?, page-6

spp at 5c,

not looking good for the oppies,

generally the sp will be sold down to the spp level, or just above.

the illuquidity, though, there just arent any substantial bids higher than 5c, LOL.

Normally, if there was a large enough bid at say 6c, the last at 7c, would see a sell at the 6c offer, to replace that script with 5c spp. (and keep the 1c diff)

Problem is, only those who hold, will want to take up the spp, and it doesnt attract new buyers to the buying que.
(no one who buys spp will be buying from market)

The issue here, is promotion, and new blood into the registry. Thats where the market buyers have to materialise from. The SPP, just means that any loyal holder, will not even consider buying from market now.

More duldrums i'm afraid, until they start promoting this, and announce the right milestones.