CNJ 33.3% 0.1¢ conico ltd

Can someone check my thinking on this rights issue? The issue...

  1. 6,683 Posts.
    lightbulb Created with Sketch. 1623
    Can someone check my thinking on this rights issue? The issue goes ex rights on 7th October so the sophs who have picked up the 67m shares (plus att options) are also included in the rights entitlement? If that’s correct and we have a strong assay result in the meantime?????? Is this some sort of upside stitch up?
 
watchlist Created with Sketch. Add CNJ (ASX) to my watchlist
(20min delay)
Last
0.1¢
Change
-0.001(33.3%)
Mkt cap ! $1.805M
Open High Low Value Volume
0.1¢ 0.1¢ 0.1¢ $220 220K

Buyers (Bids)

No. Vol. Price($)
47 72015342 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 23375232 11
View Market Depth
Last trade - 10.02am 13/05/2024 (20 minute delay) ?
Last
0.1¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.1¢ 0.1¢ 0.1¢ 311713
Last updated 13.59pm 13/05/2024 ?
CNJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.