The 65c rights issue is just a couple of cents below the current share price, so is everyone taking up their full $5,000 offer?
Personally I think I might wait till a few days before the closing date to decide.
The question we have to ask ourselves is...
would we have bought these shares available in the rights issue had there not been a rights issue and that the market share price was at 65c??
Not really sure if I would myself, although I'm more than happy to top up on GDR on any weakness and have done so a few times in the last year......however, this is well under valued in regard to the likely outcome and potential of GDR whether it be 65c, 68c or more at the moment.
Siouxsie
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