could someone please assist me with an announcement . GMC is offering a rights issue at 0.2c to raise 1.8M but heres where it gets confusing . the current price is around .006c ( yesterdays traded price ) and in the third paragraph of the announcement they say ( discount of 81% to the average price of 1.05c and a 77% discount to the one month average of .086c .
so what is the offer price ?
.002c would be a discount of 81% to the average price but their indicated price of 0.2 would be significantly higher . can someone please help me thanks
