I agree HT. It looks a bit cheap. The instos making the offer are giving themselves a big discount and a very nice earner here, which is not surprising. I would rather have seen it around 75 cents.
If we are offered $300 million, what is our entitlement? (Around 1 for 5, I reckon?). Also, would be interested in record date to qualify. If sp becomes pregnant with the rights value at a future date (unlike the immediate record date of PNA's recent issue, for example), the sp will rocket.
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