ORS 0.00% 1.3¢ octagonal resources limited

Ann: Non Renounceable Rights Issue - Notification Of Shortfall, page-2

  1. 3,265 Posts.
    I'd say what has happened is the rights issue was avery poorly taken up as its above the current market price and because of this and a number of other issues at the mine, they will slow down or place mines on care and maintenance...Cant see it going into administration........

    Either way i cant see a positive given the the suspension states "discussions regarding its current operations and the non-renounceable rights issue"..we know the rights issue was a shortfall of over 90 million shares so the discussion of current operations will flow from this shortfall IMO....
 
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