shares have not gone ex rights issue

Worth noting that the shares will continue to trade with a rights issue entitlement until a date is announced.

The 12c issue price is what all shares are worth as a diluted base.

We then need to give a value to what this deal is worth on top of that.

With Chandler now involved the mill will go ahead. So we need to think what will be the market cap of GNS with a mill. It was worth a lot in the old days.

Those holders that sell now will not get the rights issue shares. That right goes to the buyer.