ahhaaaa. Thanks, see you're a wealth of information.
Yes I did notice the share price drop substantially after they went ex-rights and of course expected the same.
I was actually wondering how far down the rights might trade not really having been involved with rights issues much before. Bit of a learning curve this one as I bought LOM for the rights entitlement (mainly for the options).
Will be interesting to follow.
My plan was to get the entitlement, break even or better on the combined shares and hold the options long term as a freebie. Surely in a year's time, the options excercisable at a cent will be great value ????
Who knows? But fun to have a play with it none the less.
Good luck and thanks for sharing your thoughts.
CC
LOM Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held
