SP is currently being manipulated IMO- the difference between current SP and the Rights Offer price is being kept a minimum IMO.
I agree that the best way forward in order to maximise value from this offer is to take up as many of the rights on offer as possible for 10c oppies which are the icing on the cake.
Not going to get the optimum value by selling the rights IMHO!!
Renounceable Rights, page-43
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