I did not see the date from which the rights kick in. You need...

I did not see the date from which the rights kick in. You need to know that. If you spend %5,000 now on market you get the number of shares that amounts to. If you take up your rights you will pay 1.8 c for each new share. The number of shares you will be able to buy will equal the number bought with your $5,000. You will also get an option for each 2 shares you buy.

If all the rights are not taken up you may be able to buy even more new shares at 1.8 c. Based on the price jump my guess is that all will be taken up.

I have just worked out my break even price for this share and it is $1.05. At least this rights issue will help me bring down my break even point.

Hope I have answered your question.