timbin4,From the Annoucement," Eligible shareholders will be...

timbin4,

From the Annoucement," Eligible shareholders will be offered up to $15,000 worth of new shares each at a discount of 20% to the average price over the 5 days up to and including the closing date of the offer period."

Closing Date of SPP is 11 March 2014.

So who knows could even be lower than 4$ has stated.

Management is woefull in my opinion and the absence of them having Money in the Company speaks volumes, they do not even respond to emails sent by Shareholders and I strongly feel that shareholders are only a means to an end and something is seriously up with Production and with the current expected Mine life of 4 Years unless Pos dramatically rises I think they will have trouble paying Debts let alone any profit for Shareholders.

Ccu to me is running with the Handbrake on (Why?)

This is my humble opinion only and not advice

snider