What you are missing is that if you buy the rights, you will probably have to pay upfront (rights+6.5c per share), but your shares will be allocated much later (see announcement) and there is absolutely no guarantee you will be able to sell them at today's price.
convert rights , page-9
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Last
$2.19 |
Change
-0.060(2.67%) |
Mkt cap ! $429.0M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.24 | $2.17 | $350.6K | 159.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1502 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 934 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SXG (ASX) Chart |