jesselIf you are planning to hold for the medium / long term-If...

jessel
If you are planning to hold for the medium / long term-

If the oppies are not in the money by next Sept.and expire worthless, then one could argue that it is indeed a better move to be buying at a lower price on market than the rights issue.

If however your plan is the longer term hold and the oppies are in the money before expiry, you could say, sell 5000 shares at .50c to exercise 10000 oppies at .25c (given that the oppies will lag the heads by the exercise price). The nett result being an additional 5000 shares held for no extra cost.

Your decision would have to be based on whether you believe the oppies will be in the money before they expire.

Please take my comments as information only and not advice.