Ann: Non Renounceable Entitlement Issue Prospectus, page-19

its a difficult answer,
collectively if we are all one group its in our interests all take it up as that might be the requirement needed to get the final tick for finance, however on an individual level why would you take up your entitlement if you can purchase cheaper on market?

often in these cases large holders such as the super fund might wish to take up thier entitlement and put in extra increase thier holdings without pushing the price up too much.

Is it possible we might be seeing a non binding finance term sheets before Barry presents at Noosa mining conference on Friday? Surely he will be wanting to come to the conference with something to present other wise he might look like a little bit of a dill.