Like the rights issue with options offered at 1 cents for every 4 shares...
Working out whether this is worth re-entering after buying and getting stopped out the other day....Seems like I have time to work this out as share price not moving anywhere at the mo.
All depends on flow rates etc for their "discovery" just announced..
At the moment seems stuck just above the second fib of 61.8% so looks primed for a run up if a whiff of good news on its way...
Anyone have any idea what timeframes we can expect to get a follow up on the announcement with update on flow rates etc ?
Ann: Rights Issue Prospectus , page-12
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