MDS 6.25% 15.0¢ midas resources limited

Is the renoucable rigths issue a good deal or not? By my...

  1. 182 Posts.
    Is the renoucable rigths issue a good deal or not?
    By my calculations if the offer is fully subscribed, this should dilute its market capilalization back down to around 74.5 cents a share. So one would expect the SP to drop in the next few days/weeks. If it doesn't there may be some value in the offer?

    Opinions?

 
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