calculation of issue price, page-2

BazzM

Good question ( your point number 3)

Well I've made my views known already on hotcopper on the onerous nature of reading their exploration reports in the context of trying to grasp in simple terms exactly what it all means ( not to say that we dont want things over-simplified) and here we now go with the lack of clarity, at least to you and me, on the "date of the issue". Talk about convoluted text. I'm no dummy but like you its got me stumped as to what they mean. Maybe they mean the closing day for eligible shareholders for the SPP ??

If TRM is reading hotcopper we may get a further clarification on what exactly is the "issue date" to establish the share price determination because I for one would not part with my money until I know exactly what I am getting for it. As it stands, as I read it, you part company with your money without any certainty as to how many shares you receive for it since you are not issued the parcel of shares until after you've subscribed. Like a chicken and egg conundrum here.