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Correct Beatmaster.

In effect you are shorting SLR... remember though that there may be a scale back... to be on the safe side sell half.

That's what I did at 98c when it went ex rights and then bought back (plus more) at 84.5c.. and I still have 2 x $15K entitlements to go!

SLR will release some good news prior to the close of the SPP and the SP may go for a rally.. can sell more into that and still pickup on the SPP.. that's just short term trading..

But keep some to stay long on this one.

cheers