Kelf - good on you for asking the question.
The company wants to get an influx of cash so it offers existing shareholders more shares at a reduced price. This dilutes the value of the existing shares, which is why the price is dropping at the moment.
RIO's offer of new shares at 28.29 is VERY cheap. If you've got the cash, buy what they offer you - ie 21 for every 40 shares you now own.
Although the share price is falling now, it will recover in time.
what is a rights issue???, page-2
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$111.42 |
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Mkt cap ! $41.36B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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