Option 2 sounds the best as if I take option 1 my shares will be...

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DemGainzz

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16/05/16

18:38

Post #: 17781655
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Originally posted by robbo24 ↑

There is a bit of a balancing act with rights issues...

If they are tradeable there is a few options and you could potentially do a mixture:

(1) Do nothing, let them expire.
(2) Accept some or all of your rights at .5 cents.
(3) Sell some rights on market.
(4) Sell some shares on-market to pay for rights.
(6) Wait and see what happens - sometimes people can't do the math and randomly sell down to the rights issue price.

I should make it clear these are just the options that come to mind for me - seek financial advice if you want actual advice.

For me personally though I intend to take them up, I think the company is giving shareholders are opportunity to fund as much of Talisman and/or Rahu development as they want before it goes on the block to the big boys.

And you are right, these particular big boys have a way of turning gold into gold.

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Option 2 sounds the best as if I take option 1 my shares will be diluted more than I want them to be.
Doing some basic sums if I take up all rights offered to me I will average down to 0.008. If the price bounces back up to 0.017 like it was at today I may sell a parcel.

It bears thinking about more tho

Disc hold on NZX

NTL Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Option 2 sounds the best as if I take option 1 my shares will be...

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