GZ You are able to determine how many rights you have due and can instruct your broker to sell them from the 28th of September (new revised date)>
In Front section of Prospectus - Important Notice "Rights trading Your Rights may have value. If you decide not to exercise all or part of your Rights you should consider whether to sell your Rights. It is important that you either accept or sell your Entitlement in accordance with the instructions in Section 4 of this Prospectus and on the back of the Application Form. Individual applicants are responsible for determining their allocations of Rights and New Shares before trading in them. Eligible Shareholders trade in Rights or New Shares or New Options before receiving confirmation of their allocation at their own risk.
4.4 Selling all your Entitlement on the ASX If you wish to sell all of your Entitlement on the ASX, complete the appropriate section on the back of the accompanying Application Form marked "Instructions to Your Stockbroker" and lodge the Application Form with your stockbroker as soon as possible, or otherwise provide instructions to your stockbroker regarding the number of Rights you wish to sell on the ASX. You can sell your Rights on the ASX from 25 September 2009 until 9 October 2009. The Company accepts no responsibility for any failure by your stockbroker to carry out your instructions."
However, you won't be getting the Prospectus and forms until after the 6th of October (The ASX Announcement which posted the Prospectus did not include any forms). However, I don't think you specifically need the TTR Prospectus form as long as you advise your Stockbroker in writing or other legitimate means of your holdings and number you wish to sell.
If you wait for the actual forms it does not give you much time to trade which ends 13th Oct (revised date).
I use NAB Online Trading and I had a feeling in the past that they had automatically listed rights entitlements in my holdings.
I guess they have to have a record date some days after rights trading starts to allow time for settlement to occur for share trades made up to the date rights trading starts.
Might be some interesting rights trading particularly if the Scoping Report has not been released before trading commences. So even though I am not selling I would not contemplate selling any until after it has been released.
Just my thoughts on the matter. You can keep it simple by just taking up all your rights.
TTR Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held
