You may have now outlayed more money than you originally wanted to - true
But depending on when you bought your original shares, then you may have either increased or lowered your average price for each share.
If the company has some great reason to buy an assett or to build a new mill or to complete infill drilling to increase their reserves; then I am more than happy to buy more.
There is nothing wrong with a rights issue! Its what the price of the new shares is set at and whether others knew the cap raising was comming that concerns me.
Angers
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