Congratulations on your 'trophy' gsw. Well deserved of course. I'm just hoping the colour is a good omen!
Wish I knew some 'huge shareholders' like you do gsw. I reckon they would have some insights that mere mortals like us could only dream about!
Not entirely convinced about the point you are making. Sure, 1.3c is a profit on the rights issue. But most who took up rights were previous holders who are more focussed on their 'break-even' points (2 to 3c) than their 'profits' on the rights.
Of course, there are a few underwriters to the issue without previous holdings - but these have probably accounted for a fair bit of the selling over the past few weeks. But probably some left - so point taken.
SBN Price at posting:
0.8¢ Sentiment: LT Buy Disclosure: Held
