CLN 3.41% 8.5¢ colonial resources limited

Hey guys, I ended up buying some for a punt.Just to confirmAs...

  1. 872 Posts.
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    Hey guys, I ended up buying some for a punt.

    Just to confirm
    As per latest entitlements disclosure docco,
    "Shares commence trading without the entitlement to participate in the Offer ("ex date") 29 Jan 2010"

    So this would imply if you sell tomorrow you will still get entitlements. Yes best to clarify with your broker, but can't see how it wouldn't.

    Personally I think 10-15c is where the sp will head, may go lower, may then have a bit of a bounce, but all speculation of course. We'll find out soon enough ;)

    I haven't decided my course of action yet.
 
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