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Last edited 4 months ago
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#SPP
Added 4 months ago

I feel that I'm missing something here with the SPP and am hoping to get some smarter minds to help!

Following the announcement of the cap raise and the SPP the price cranked up 20 odd percent. I presume that had a bit to do with the general market sentiments of the industry, CATL temporary closure and Li price movements. The share price movement doesn't look to be caused by securing funding.

So the big question, should I max out my allocation of the SPP? Is it worth selling at $0.85 and picking them up at $0.73? or am I missing something. It looks like free money to me which brings me back to the "If it's too good to be true..."