OAU 11.1% 1.0¢ ora gold limited

rights issue, page-7

  1. 381 Posts.
    I have to admit I am a little confused. Why would the SP fall below the rights issue price? Who would sell their holding down if they could sell their rights to make some needed cash? Especially with the good things coming out of UMC I just don't understand.

    Hopefully someone can enlighten me.

    Cheers in advance.
 
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