Hi Shane, yes buying Rights at 0.001c and taking them up at 0.016 means you wind up with a share and option package which has effectively cost 0.017 (1.7c).
So, for example, buying 100,000 G88R for 0.001 will cost $100.00 (plus brokerage). You take up the Rights by paying 1.6c per Right ($1600.00) to the Company (no brokerage), and in return you receive 100,000 G88 ordinary shares, and 50,000 of the new options.
Your 100,000 G88 have cost $1700.00 (1.7c/share), and your 50,000 options are free.
Note: yesterday, the G88 ords actually closed at 1.8c, which would imply a higher value for the Rights.
(Of course, some of us would argue the speculative value of G88's Quicksilver project alone already implies significantly higher value both for the Rights, and for the Company. For now though, it is what it is ...But watch this space, in my view.)
All the usual caveats apply.
G88 Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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