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
CZL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held