Based on the Annual Report 2015 top 20 shareholder list it appears that one of the top 10 shareholders (holder of 2.6 million shares) is dumping its SPX holding.
More importantly, it will be interesting to see which Directors took up their rights allocation. No notification as yet on change to Director's holdings. Maybe one or two of the three didn't. Wild ride ahead for SPX shareholders.
No Director took a salary last year, shares were taken instead. However it is likely that all of the funds just raised will go to salary this year leaving very little (if any) for administration, research or exploration.
The Board needs to advise its proposed direction for the company. The reported plan for the last 2 years has been to find a JV or equity participant but the Board has said NOTHING about progress on this front. I think its time for the Board to say something.
Based on the Annual Report 2015 top 20 shareholder list it...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $47.56M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $16.23K | 1.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 10253909 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2705842 | 9 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SPX (ASX) Chart |
