Good discussion, fellas(?). If I can a add a thought or two: presumably the new options will have a tradable value of at least 2-3c, so unless the SP drops to something approaching 10c (which realistically seems too low for a decently-capitalised cashflow positive producer/explorer) then there is really no downside risk to taking up the rights issue. And anyway, if not sure, one could always take up the rights issue with free options and then sell the equivalent amount of 'old' stock on the market after return to trading status.
If only the rest of the world could patch up their economies so we could get back to a healthy local sharemarket where punters are prepared to rake risks again. I'm staring to wonder if I'll ever live to see the day!
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