Macca, you are right about the sp dropping below the rights price!
But I guess their plan is to use the coming feasability study (and possibly resultant lease extension decision) to bolster the sp above the .005 cents issue price. They need to do this shortly before the issue closing date (which we don't yet know)!
They need to REALLY impress us with their plans and announcements this month before we are likely to risk more with this company without a JV partner or future funding arrangement. The free option is a cheeky touch though!
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Macca, you are right about the sp dropping below the rights...
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