Rights will be issued to existing holders which can either be sold (you could buy) or converted to purchase the new shares. They will trade between the 19 and 25 Jan. Every holder will receive the number of rights equivalent to their entitlement to new shares and will trade under a code ORER? (I think the extension is R). If you buy rights on the market you can convert them to additional shares at $6.55 but the cost of the rights you buy needs to be considered as an additional cost of the shares. Eg - if you paid $0.45 for a right then the total cost of the share will be $6.55 + $0.45 = $7.00.
ORE Price at posting:
$7.17 Sentiment: Buy Disclosure: Held
