The 5% discount I estimated as somewhere between 1.5c [30c] to 1.7c [34c] unless we see big variation in SP during those five days.
So 1.6c-ish is not massive but at least it is better than the Santos Rights Issue 2% discount which has seen those new STO shares out of the money this week.
SXY Price at posting:
31.5¢ Sentiment: None Disclosure: Held
