CZL 0.00% 4.8¢ consolidated zinc limited

Ann: Share Purchase Plan, page-13

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  1. 524 Posts.
    lightbulb Created with Sketch. 302
    Got to disagree with you here maverick
    With first income expected Oct Nov we now receive 90% not 50% also only existing shareholders eligible so any new entrants pay market price. Fools selling now at 2.5 hoping to get back in the raise at 2.4 risk being scaled back
    See below

    The Company does not intend to issue more than 62,500,000 ordinary shares under the SPP. If applications for more than 62,500,000 shares are received, the Company may, in its absolute discretion, undertake a scale-back to the extent and in the manner it sees fit and a shareholder may be issued a lesser number of Shares than applied for. The Company intends to scale-back oversubscriptions on a pro rata basis. Any scale-back will be announced on 16 October

    Hang tight I’ve seen it before. Price will be nearer 3 cents on close date than 2.4 especially given the funds are to lift ownership to 90%

    GLTAH
    CHEERS Rb
 
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