Waiting on an announcement of Rights Issue take up. Suspect they are taking their time not because they can't count but to give Macquarie time to deal with the inevitable shortfall which is hopefully not too much. I reckon Macquarie will be placing any shortfall today with sub-underwriters or other intsos and we are seeing a small uptick today because instos realise the cheap stock has or is drying up.
Hope to see the rights issue outcome shortly and would be nice if RCR provided some level of comfort that projects are now under control. They referred to a number of contract wins that were pending but hadn't yet been awarded because stock was in suspension - hopefully they're coming soon too...
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