You better hurry if you are going to take up your rights issue, unless you are hand delivering... no bpay, so have to post tomorrow at the latest (and if interstate will need to be express post).
I took up my rights issue, and applied for additional shares as well (as I only had a small holding to start with). Personally I'm hoping it is undersubscribed a bit so I can get all the shares I applied for.
Might not see much action for a while yet, but I think early next year things will start to pick up.
The options make the 16c issue price look rather cheap, as they are well and truly in the money from day one.
IMO ACE has huge growth potential, it does have it's risks, epsecially dealing with China as it's primary market, but considering it's major shareholder (with directors on the board) is hong kong based, this takes a lot of the risk of dealing with China out of the equation.
I'm in ace for the long haul, as I think it has the potential to give significant returns.
Tony.
ACE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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