good post @26Angler, but you missed one important point: Even if the SPP would be successfull (which seems unlikely), the next capital raise lurks around the corner. A very strange approach in securing capex. The big question for (potential) shareholders is: Why? Why are they doing at? Was it impossible to fix the whole amount? Then why? And what will the issue price be in the upcoming capital raise? 6 cents again - or less? Very poor job by management.
BAT Price at posting:
5.3¢ Sentiment: None Disclosure: Held