Ann: Acquisition of NSW Cobalt Nickel Project, page-30

if you bought at 1.5 and now hold, you have a right to buy 3 new shares for every 4 shares held for 0.4 cents each

so if you originally bought 100,000 shares at 1.5 cents each for $1,500, you can buy another 75,000 shares at 0.4 cents each for $300. you will have 175,000 shares at average price of 1.0 cents

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if you buy another 100,000 shares at 0.7 cents today (in addition to your 100,000 already held), you can buy another 150,000 shares at 0.4 cents each for $600. you will have 350,000 shares at average price of 0.8 cents

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if you buy another 200,000 shares at 0.7 cents, you can buy another 225,000 shares at 0.4 cents each for $900. you will have 525,000 shares at average price of 0.7 cents

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don't forget you have rights to buy 3 new share for every 4 shares held for 0.4 cents each and the "ex" or "entitlement" date has not been announced yet