rights issue issue, page-16

re: rights issue issue stone pony I dont think you can count both the rights exercise price at 63c and the price they are currently trading at in the market (ie 25c). You get to do one or the other, not both, and it is the dilutionary effect of the exercise of the rights we are trying to calculate theoretically. Where it ends up is likely to be as much driven by sentiment and more positive news flow. I hold and have done since 33c. Hope we all do well out of it.