Done it, took up all my fairly substantial allocation but will...

Done it, took up all my fairly substantial allocation but will be watching this very closely now. I hope they get a pretty good take up. I look at the issues more or less as if they are options where they may be worth practically nothing or a big multiple of purchase price - but these have no expiry date which is better than normal options.

What's needed is a few actual sales now to encourage people to hang on and not dump them back on the market. The latest bulletin was encouraging. Let's hope the png contract comes through soon and maybe a good agreement from Colt or other potential partners. imo, it just needs a bit of really good news and shares taken up in the rights issue could quickly and easily be a 5 to 10 bagger or more. Just as easily though, they could go down to .001 if nothing substantial eventuates within a few months. In the very long run, imo they will be worth more than their purchase even if massive dilution occurs - as long as MST gets product out, which we have to assume they will sooner or later or we'd never be in it.

Good luck all!