Personally, I'm quite happy to delay trading on market till this PM beat down is over with.
I reckon we'd be a fair bit lower if the SP was trading ATM.
No reason given for the delay however i would suggest it is likely through a lack of sufficient uptake of the offer.
If the PM fortunes turn for the better, the interest in the offer will increase, looking +ve for the SP.
Don't know....just my thoughts at the moment
Ann: Rights Issue Timetable , page-2
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