Macquarie revised value is now 30c which says everything. It was 60c in March
I have sold off 75% of my holding and probably will not bother with the rights as better form elsewhere but will keep the balance.
Have held for a few years, it was a spec stock, they failed to deliver on time and on budget. Sure there were reasons out of their control but the extent of the dilution destroyed the upside. You do not take a risk to just double your money. I was lucky and got out just ahead of my buy in price .
Ann: Letter to Ineligible Shareholders, page-16
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