Ugly,
watch for the rise in SP as we near record date - offer open, they will want this above the issue price so that they don't underwrite the whole lot.
also in that same period i expect the may report, hopefully with costings, we saw what happened when the last report was released... i'm tipping closer to 30c which means a quick dollar on the rights at 20.
could be wrong but its generally how these games are played out
Davo
