Hi Moly and other readers,I have not decided whether to take up...

Hi Moly and other readers,

I have not decided whether to take up my entitlement (and I can take up to $10k as my wife owns some BTV as well)! From what I have read 11 cents is basically the value of cash on hand and investment in THR - however the additional shares will make this a little less. Based on that it appears like a fairly good punt however we have been disappointed up until now and another general market correction will bring the BTV price well below 11 cents so there is certainly significant risk. The other thing is I would basically have to sell some THR or TNG to buy them and I am not sure that makes much sense.

It would be certainly be handy knowing why the Directors have decided they need more cash!! Is something on the horizon that is going to need alot of cash?? and is going to add a significant amount to the current share price??

Regards
hxs02