Don't forget the rights are renounceable so if you buy now you...

Don't forget the rights are renounceable so if you buy now you can sell your rights on market.

1m shares = 6,666 shares (post consolidation) plus 100,000 rights

example

1,000,000 at 0.4c = $4000
6,666 at 60c = $4000

When the 15 for 1 rights start trading you'd need the price to be near 4c to get your money back on a 0.4c purchase pre consolidation

Question is if you like the stock, whether it's better to buy now at 0.3c/0.4c and secure a decent position size or wait till later and hope there's a better entry plus some liquidity via the rights trading. I guess the lead broker/corporate advisor will snap up any shortfall from the rights at the equivalent of around $1m cash and $1m market cap plus the potential for a future US3.5m cash injection from the Selenge project.