Hi DF,your dead right. The renounceable rights issue looks dead...

Hi DF,

your dead right. The renounceable rights issue looks dead in the water right now as nobody is buying at 0.003. For holders to sell each of their rights for 0.001 the market needs to be buying the fully paid ordinary shares at 0.003 or more.

On the bright side, the gold price has firmed and the Wiluna mine is still operating and the chairman says the gold pours are looking way better.

Anyone know why, when the rights trading starts on Tuesday, some can trade at the beginning of the trading day whilst others have to wait until their renounceable rights issue appears in their portfolio? Very frustrating having to sit and watch rights trading commence with no ability to trade.

cheers

Alt Out!