I think there would be a few who are simply swapping out their...

I think there would be a few who are simply swapping out their existing shares to possibly buy them back for the rights issue, whilst crystallizing a loss (and get a free option).

There was ample opportunity for people to get out a few weeks back at higher prices, I think most are more than content to hold/buy at these levels given today’s announcement and upcoming exploration.

Great moving using the soph raise to fund immediate exploration, as I reckon the team have now increased the likelihood of a decent subscription to this rights issue exponentially.



Cheyne