Im quite confident of a Rights Issue if (and IMO when) the options expire out of the money. I dont think Sophs will be involved in the next CR.
Potentially some form of different capital raising then what we have seen in the past.
Agree with 1ST1, i think if the options weren't in the picture we wouldnt be at these levels. July might be interesting with further deals, beginning of fin year and hopefully some cash flowing back into the markets.
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