Out of curiosity how many faithfulls are taking up the rights.
I have been watching this the last few days being capped and sold into. Dont worry there are plenty of takers of this stock but it keeps getting sold down, even on a nickel rise.
So i am wondering if this is getting held back to minimise the amount of rights executed, hence giving glencore more stake, i think 81% potentially if they end up fully underwriting the issue.
Dont forget its one of the biggest high quality nickel plays on the planet as some have suggested.
Selling for a loss is recognised, but how long will this be in play.
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