Ann: $26M Capital Raising for Transition to 100000ozpa, page-103

this is not going to be well supported. the share price is telling you that. best way to recover some of your investment is to SELL not buy more.
Don't fool yourself thinking that someone is trying to mop up cheap shares on market at 1.5c.
the share price at the offer price is telling you that despite a 44% discount being offer in the CR, current holders don't want a bar of it.
if anyone wants to pick up cheap shares and they believe in management's rubbish outlook and glorified assay results there's plenty of shares on offer on market and they could put a massive bid in for the rights as well. no buy side for the rights issue at all which tells you that no one wants more than their fill.
all IMO DYOR blah blah