BAT 5.56% 1.9¢ battery minerals limited

This one was riskier than normal given the SPP price vs market...

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  1. 351 Posts.
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    This one was riskier than normal given the SPP price vs market but the options were enough for me. I was in early.

    SPPs can and often do close early. I've seen seen ones where they've closed prior to holders receiving their snail mail.

    I may be confusing this with entitlement offers but i believe SPPs too usually have participant protection in that the shares are issued at lesser of quoted price or 5-day VWAP. Was disappointing this one didn't have that.

    No regrets on my participation
 
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