rights issue - 3 options, page-6

Mojo

For me, the rights issue, really only comes into play, when the share price is above $2.50.

If in the next three weeks the share price can rise above $2.50 then the rights will have a value.

Say the share price was $3.00 then obviously you would snap them up and make 50 cents a share.

Even if coming up with more funds was a problem selling shares at $3.00 to buy back in at $2.50 may be a good strategy, and then pick up the options as well. What this trading may do to the share price , who knows.

Announcements re early sales of DSO/ native copper may improve the share price.

An updated JORG improving the resource estimate may also improve the share price. Although I think most long term holders are very wary on any talk of resource upgrades until we actually see it. (once bitten)

The next three weeks may show a lot of volatility.

Interesting times.

All the best.

Bris1