Originally Posted by
steve fleming
Percy, my thinking would be:
What drives a sustained increase in a company's share price is when you have sophisticated/professional investors buying $25k, $50k, $100k + stakes. Not existing shareholders increasing their stake by between $1k and $15k.
The good thing about the SPP is that it rewards existing shareholders, and unlike a placement, does not provide a CHEAP entry to the sophs and profs.
The big players will still have to buy their shares on market.
PGC are doing what they can to make PGC more attractive to the big players.
For me, as a holder of 3 million PGCOA, that is the most important thing - i don't see where you are coming from with your 'option devaluing' comment.
As long as the heads go up, so will the intrinsic value of the option (even if that is not 100% reflected on the market as is present).