NAM 0.74% 68.0¢ namoi cotton limited

I am a little puzzled by the NAMR (Namoi COT Rights Issue Ceases...

  1. 960 Posts.
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    I am a little puzzled by the NAMR (Namoi COT Rights Issue Ceases trading 21st Oct). As holders we were given our allotment (1 for 5.25) of NAMR. I have received my personalized entitlement form (accessible online) which looks like the below.
    https://hotcopper.com.au/data/attachments/4718/4718004-3ab8d952f1c2c7094202f776963d5dfe.jpg

    Right so I understand I can sell my rights on the ASX under NAMR ticker (this is the depth as I type).
    https://hotcopper.com.au/data/attachments/4718/4718017-8b42581ccebae8f78b09d6503bfdb420.jpg
    Where I am a little confused is if I buy more rights on market does this guarantee and thus increase my entitlement amount? So say I had 100 rights at 27 Sept and I buy 100 NAMR on market .. I would then have 200 NAMR for which I can exercise the rights to be full NAM shares at 0.43$ cents by the 28th of October? I assume then my online 'form' for the rights will not dynamically update to what I am entitled to .. I simply need to add what I had prior to the start of the Rights offer with whatever I buy/sell on market. Do I have that right?




 
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