ERA 18.2% 0.9¢ energy resources of australia limited

"takeover possible", page-40

  1. 791 Posts.
    other way round baz

    7 shares at 3.29
    12 shares at 1.53

    Theoretical ex rights price is around 2.18

    So if you sell your rights they may be worth around 60-70 cents. Maybe. No way all the retail holders will want to double up in this stock so RIO will grab a heap more rights. Takeover by dillution.
 
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