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PRM 0.0¢

spp closes on thursday 17/04/03

  1. Scyther

    187 Posts.

    SPP offer at 15c closes on Thursday. All PRM holders should read the offer document carefully. IMHO, this offer is the cheapest the stock will be post 31/5/03.
    On face value, the stock is still speculative prior to Bankable Feasiblity Study being successfully completed.
    Once BFS is finalized the stock will probably be re-rated fairly quickly to levels of 12 months ago when Agrium signed up for the project. ( 60c). I am a holder of the stock and have purchased an additional 33,000 shares vis the SPP. Very comfortable with all the fundamentals and recent developments.

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