AWC
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0.00% $1.45 alumina limited

Sachz, yeah right, in a way, a cheap rights issue is just...

  1. michinyon
    6,716 Posts.
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    27/09/08
    22:06
    Post #: 4319520
    Sachz, yeah right, in a way, a cheap rights issue is just "averaging down".

    But the point is, the insiders got to sell their ex-rights shares at a with-rights price ( because of the RETROSPECTIVITY of the ex-date for the rights issue ). And then they still get the cheap new shares as well. So they get their cake and eat it.
    AWC Price at posting: $3.00 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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