Mollaj, yes you can buy your entitlement of up to 750,000 shares
at 3.2 cents each (no later than the 20th) and just keep them.
You can also sell your renounceable rights on the market between
the 6th and the 13th of March. They will show up on your computer
in your holdings. You will make a capital gain of - Rights sell price less
3.2 cents. You could also sell some rights and exercise the balance.
EG, Mollaj sells 300,000 Rights at 4.4 cents, thereby receiving
300,000 x 1.2 cents = $3,600. You could then also exercise your
rights by buying the balance 450,000 at 3.2 cents = $14,400.
Ann: A$20.4M FULLY UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE, page-228
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Mkt cap ! $349.9M | |||
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