"The Rights Issue will not be underwritten but Directors will retain the right to place any shortfall."
Great post trent26
It'll be a nice way of perhaps grabbing a few million shares at 30c with 10c upfront. What would happen if they tried buying a few million shares on market, lol. The price will spike so this is a way of getting a nice parcel of shares for a great price. They'll give us something this week but as nicholls5 has mentioned it'll probably be lower than expected volume orders for Ropren. The true believers will see that as a good start but others will say what the and sell! I'm of the belief if Ropren is being sold and it works then it's only a matter of time before SLA takes of. Then again SLA might surprise us and the share price could be 50c by Friday with a great announcement we just don't know.
SLA Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held