Although the thought of a Rights issue may be appealing to some, I agree with LTI (and BRR) that it is not really going to stop the churning. I see the churning as just filling in time until some serious good news lobs on the scene - probably very 'soon'.
Also I'm not really sure the Company owes us another Rights issue now that it is kinda 2 mins to midnight, and the train (hopefully with a full head of steam) is going to pull out of the station at midnight, so to speak. We have had a remarkable opportunity to improve our position at 0.001, if so desired. So what if someone is playing and making a quick and modest margin - we can make our own luck and maybe still secure the shares, which are invaluable for us in the long run.
Also I am thinking a Rights issue increases dilution (albeit probably small depending on takeup and the Company gets the direct cashflow) versus picking up more off the existing 0.001 or 0.002 queue which is not increasing dilution as this is just churning the existing inventory.
Although the thought of a Rights issue may be appealing to some,...
Add to My Watchlist
What is My Watchlist?