Originally posted by NT.
Perhaps management should have attached free options and an exercise price with this SPP, because for the life of me I can't see this SPP being fully subscribed.
Here we are close to closing time and you could "buy on market" for 2.2c..., Why would you buy in to a SPP at 2.4c ? (disappointing for those already locked in).
I like many others here, (i would imagine) have been waiting for this magical share price hike to eventuate before committing.
I would be very surprised if our directors will be happy to buy the surplus for a loss..., "to give us confidence".
I will be quite happy to be wrong as I am a long time holder..., but a realist not a "rarebird".
..............
NT.
Perhaps management didn't need to attach options and well I guess you (NT) are going to have to be pretty happy as you are wrong - as it was fully subscribed.... And while you're happy act surprised as the directors were quite happy to buy the surplus for a loss. So really NT there is only one more point to address and that is.....
you could "buy on market" for 2.2c..., Why would you buy in to a SPP at 2.4c ? Well for the same reason as the directors are happy to pay 2.4 cents to clean up the remainder of the SPP... and that is that the project is way under valued. As well 62 million shares were sold at 2.4 cents and there would have been a massive price rise if purchased on market. So rather than refer to me as some sort of dreamer why don't you simply say thank you for my $30K contribution into the SPP and supporting the company, something that some others seem not to have done. Oh and don't worry about me too much as i've continued to average down over the past couple of days at the expense of weak hands.
GLTAH
Cheers Rb (the non realist)