Ann: $21.5 Million Non-Renounceable Rights Issue, page-14

It will be interesting to see how many take up the allocation. Price is at a fair discount. Only disappointing thing it's being done at a low share price. Will however give a cushion funds wise to the balance sheet. We may see the share price move towards 6 cents.
Personally I see a need to support the company financially in this tricky time. They are raising just enough to make me sleep well at night and their performance has been superior to the neighbours which I also hold shares, so believe they have earned my support.
I have already got the calculator out to see what I am entitled too.

Christopher