Smart play by Sir Eddie doing a rights issue bang in the middle...

Smart play by Sir Eddie doing a rights issue bang in the middle of the lead up to one of the most important exploration drills to date.
Recent trading feels to me like punters taking a cheap 10% stag by selling current holdings before putting in for their allocation, effectively buying their own stock back at 3 points cheaper.
The 10% may seem appealing, but I believe that those playing this game are going to be bitterly dissapointed.

When this issue is all wrapped up next Thursday and with only a couple of weeks before Snatcher's bit goes in the ground, watch the interest then, and more importantly, watch the share price.
That 10% won't seem like such a great idea.

Gottabuymore...