RMX 0.00% 0.1¢ red mountain mining limited

rights issue?, page-2

  1. 34,916 Posts.
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    Sure, you have the option of participating in the buying of more shares. The offer is you can buy two new shares for every nine you currently hold. Each share will cost you .8c plus you will receive an option share for every two new shares you buy. This option allows you at any time you wish up to March 2016 to buy another share for 1.2c. This option share will also be listed in the share market so you could instead sell it if you wish for whatever someone is willing to pay.

    Personally at the current RMX share price and trend I don;t think it's worth it but I'd seek professional advise to help you make a decision.
 
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