Could someone please check my thinking on the MRE rights offer. 7500 have lobbed on my Chess Holdings and to own them I think i have to part with .30c each by November 28th or they will lapse.Huntleys review of MRE says take up the Rights offer but why would anyone do that when they are trading between .02 and .03c.
At that price it seems like a better idea to sell the rights and buy a couple of nice bottles of wine.Then maybe buy some rights on market at the discounted price.
Am I understanding the issue correctly?
Thanks in anticipation
Tikabenn
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Last
$2.00 |
Change
0.020(1.01%) |
Mkt cap ! $302.8M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.00 | $1.98 | $255.0K | 127.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23166 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 55761 | 2 |
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| Last trade - 15.53pm 09/09/2025 (20 minute delay) ? |
| MRE (ASX) Chart |