AAF 3.85% 12.5¢ austral africa resources ltd

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  1. 7,155 Posts.
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    Yeah the likely action is it will run due to a few people wanting to buy into the rights issue, then it most likely consolidate until the shares are alloted, once alloted you will see some selling off by profit takers and those who bought in just to take advantage of the rights issue. Then more consolidation until some news comes out. I think the best time to announce the news would be once the shares are alloted. It will be a bumpy ride..

    Personally I will be holding onto my parcel atleast until the rights issue shares are alloted and we see a little run. As augusta says, very low market cap, company will have cash at a time when there are plenty of bargains, at what looks like a turn around in the markets. good luck holders
 
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