I wouldn't think so OTC (but don't rely on my word for it). Normally the adjustment occurs when it goes ex-entitlement, same as dividends. The market was obviously impressed by the decision to close out the hedges, and this more than offset the adjustment effect. As to whether today may or may not be a good time to enter, it may pay you to look at the share price action of LGL and NCM following their similar capital raisings. From memory there was a bit of a delayed downward reaction after an initial burst of enthusiasm. It also depends on your view of the gold price, if it rises, SGX will almost certainly do the same.
SGX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
