Explorer_1 - for a normal rights issue there has to be a gap between announcement and ex date but it only has to be 2 days. SPP and accelerated rights are usually ex immediately. But I take your point that this gap was excessive. And last night the oil price was down heaps. Yep, they screwed the timing royally.
On a different track, can anyone paint a positive story? 4M cash, a bunch of tenements, world nearing peak oil ... Also no significant option overhang. The upside has got to be worth something. What am I bid?
Ann: Trading Halt Request , page-11
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