My guess is it will see a lot of support because major risk...

My guess is it will see a lot of support because major risk factor is removed as of Monday - offer is fully underwritten so nothing can go wrong.

Of course we have our theoretical ex-rights price and underwriter is likely to short some stock but fundamentals are much better - similar story with ELD - once their survival is no longer a question, investors look past short term losses and focus on long term potential.

I'd largely agree with Orgone, open at 42, drop to 41 and close at about 45. Most people who needs cash to fund non-renouncables will sell within first week, so I'd expect it to rise to 60cents by month end (unless there is a market wide correction). Expect wolatility to decrease significantly in 3 weeks' time as it turns from speculative stock into investment one.