re: Ann: Dispatch of Renounceable Entitlement...
its better than a spp in a few ways .
it is a good way to make it fair to all shareholders as everyone gets the same offer.
you can pay for your entitlement to buy new shares costing 80cents,
if you dont wish to buy them for 80 cents you can sell "the right" to those shares on the market trading as smrr. the cost will be about the shareprice minus 80cents , today there were worth around 36-38 cents. they have move and reflected the share price and traded high and lower between 27 cents and as high as 52 cents
unlike a spp you cant just apply for extra, you buy other peoples rights instead on the market if you want more than your entitlement.
( or you can do nothing ~ anyone that let them lapse probably should not be owning shares )
SMR Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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