$ from rights not exercised, page-3

I doubt you'll get anything for the rights. In this market I think bookbuild will be 14 cents best case.

I think the underwriters will sell extras down to 13.5 cents on market to get rid of them - 3.6% loss is around their commission anyway. They or their mates may have lots of short positions at 13.5c to fill, looking at market depth. I think there are about 300m shares being sold in this part of the raising, after taking into account the cornerstone investor taking 200m.

We'll see what happens, but there are a lot of shares to deal out.