rights issue, page-11

I think the rights issue mentioned in the ann is why the price is where it is partly. Have seen a few companies do this I.E AKK which offered shares for 31 cents, the next day it was trading 26 cents so it turned out pointless. Many punters would have lost that much money they're unlikely, or more appropriately, unable to take it up. They simply need to find a better means of making cash now, like selling the damn copper, or bringing the refinery into operation sooner. I also wonder if and when fortitude minerals will become listed?