ERA energy resources of australia limited

bookbuild. can someone explain this?, page-6

  1. elc
    938 Posts.


    Hey lucky you can ring, but they are not likely to tell you anything useful.

    I don't know who is underwriting the Retail Offer, other than RIO. I suspect it will be mainly RIO, so they will just pay the $1.53. Why pay more?

    They have also warned the Retail holders to not expect the $2 clearing price, as they cannot guarantee it for the Retail Offer.

    To avoid disappointment after, I would take up the rights. Maybe you can go 50 50 so you won't be disappointed either way.
 
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