Watching with interest how much is raised with the SPP ..... and...

Watching with interest how much is raised with the SPP ..... and ..... what happens going forward if the uptake is poor given the performance of the shareprice since the SPP was announced.

The extension was the first danger signal to me, followed by this post from the company, and then the email released today.  This is not what the company stated in the announcement to extend the SPP to 31st March.

What the company said was ...... The Company is working on several major projects which may be finalised and announced over the next two weeks. The directors have determined to extend
the application period under the SPP to allow eligible shareholders to properly absorb any announcements on these projects.”

They said this 2 weeks ago, and I haven't seen any announcements other than that the MVID sale isn't going to plan, hardly something to get investors excited.  And unfortunately, any announcement now is going to do very little for the SPP unless they extend again, which I note, they reserved the right to do.

Its been handled very poorly in my view since the SPP was announced, and these "infomercial" articles on the company are not "major projects which may be finalised".