From NZ Herald today:With that deadline approaching, market...

From NZ Herald today:

With that deadline approaching, market sources told the Business Herald late last week they expected an announcement early this week.

"We think it's a rights issue, possibly with a cornerstone shareholder in it and most likely looking to raise $150 million to $200 million," one source said.

The organising broker was said to be First NZ Capital, which on Friday declined to comment.
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My bet is that the shareprice will shoot up to NZ 52-55 cents today, now a solution looks around the corner. The uncertainty has been killing the sp.

I believe this might become a good short-term punt. But please consider my signature. It fully applies to me.