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re: 1:4 rights issue G'day AO

It's all in the perspective - I have these medterm in my superfund, so I am hapy to hold. The rights issue will be viewed 2 ways by the market

1] A bargain for holders - get cheap shares at .08
or
2] It devalues the share lower

It will depend which group of investor is the stronger as to which way the SP goes

Quite often the company announces some positive news to spice up the whole thing - that is a real possibility here.

I also like the involvement of Lord & Belgravia - very positive

But an individual call

cheers