re: Ann: Withdrawal of Rights Issue and Reven...
Another option is that SOO has itself become the object of a takeover/merger offer (Ingenero?/Ecokinetics?) and does not want to go in to the arrangement with surplus cash.
That is, merge and then let us punters decide whether to increase our exposure. A very responsible move.
All is speculation until the next cashflow statement and explanation.
It will have to be a good one because SOO management has severely blotted their copybook with the withdrawal of the raising.
GOE Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held