Beware on this one, as a local I looked at float and wanted in.
My broker (long time Cairns local) advised against it so I took his advise and stayed out only to see it rise. Being disappointed with this advise I discussed it further with original broker and yet another local broker, now I am totally convinced to stay out of it.
The most recent announcement has brought on a renewed interest as it was intended to push the price north for the forthcoming capital raising mentioned in same announcement.
If your in, my advise would be watch the price, look for the top, bail out and if you must own it buy back 6 months after the the rights have been exercised.
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