rights issue, page-6

Underwriter will take all shares if retails entitlement offer are not taken, Institutional offer already completed so there is no risk of CR failure.

From the trading pattern it is more like the SP is being manipulated well under 0.70 (on behalf of the benefit of underwriter??)...in these days no one escape punishment in the mining service sectors if you have downgrade, any kind of downgrade!

I have followed AAX for many years almost from day one they listed, and traded in and out many times, only found out this is a company always survived.

Bought quite a lots around 59-62 level today, will see how it goes.