Cheers pouges.Saw your post earlier, however was busy. Also...

Cheers pouges.

Saw your post earlier, however was busy. Also noticed that (a) broker was working stock hence thought I would let it ride until after market.

There were a heap of individual orders that appeared today at .017cps. Later they took out the .018cps. Soon after a bot worked the stock. This was a single broker as all orders were altered at same time.

It was interesting watching. I then saw the large x trade took out the .019cps. lol this trade was sitting at .017 for a time....lol..same broker..

There were others late in the day as well..

What does it mean? Simple (a) broker is trying to make a market. Why? For someone to get out, reduce holdings.....or...create interest so as to get the rights issue over and done with?

Things I perused:-

offer not underwritten....ouch..how much will come in?

Shares not taken up at .012cps within 3 months following closing date can be offered to others who need not to be shareholders of the company..lol..guess what they may do at .012cps?
===============
The annual report pg 16..Native title..

One would think that this is an issue as it has been mentioned in news about a large claim in the area. One would also think that no mining would be allowed until this claim is out of the way. These things take time.
=====================
pg 57 in annual report. Auditors report.
===================
I recall within the rights offer a comment that unless shareholders take up the rights there will be a dilution effect to thier holdings.

Well anyone buying a holding at .018cps today and taking up the 1-5 will end up at an average price of around .017cps. What about the holders that bought much higher up..
============
I think it stated that funds obtained from rights issue would be used to advance exploration projects (I read drilling) and to meet corporate expenses..ehehe wages and director fees?
----------------


All over the place but some of my concerns.

Good Red Wine atm.