share price hasn't moved yet !

Anyone buying in now around 2 cents will get 2 for 9 as a rights issue at the terrific rate of 1.38 cents.

That is 22.2% more shares. If one bought 1 million at 2 cents ,that is $20,000. They then get 222,222 more at 1.38 cents. Cost for that is $3066.

Total cost $23,066. No. owned 1,222,222

Average price 1.89 cents.

I would say that this is well below just about every current shareholders average price. Seems to me that with all the good news around ,that this is a steal.
Can't understand why the price has not moved a bit more? Once the word gets around,the price has to start a run.