Yes, the strong support needs to move up a line to 0.3cWhy...

Yes, the strong support needs to move up a line to 0.3c

Why should I, or any investor bother with the rights issue when we could just buy on market? Ofcourse one reason is to help the company raise funds. But Why would you buy period, if the shares are not at a discount. Or atleast likely to rise and allow volume selling at 0.3c

A consolidation is inevitable IMO.

Atleast then MHL might find an inbetween value of say 0.25c, no wild swings, raise at 0.2c and make a quick buck or hold long term for larger gains.

They already determined the price would be 'same terms as Cape Lambert', ie 0.2c, now all we're waiting for is the ratio. Is it 1:1, etc. Then is it underwritten? By whom? Just the broker or Cape Lambert perhaps?

I think the new acquisition(that the money is for) needs to be announced prior to the rights issue details. No doubt why we dont know exacts still. This time they would want to be more realistic. A nice percentage of a nice project.

A mature, producing project would be nice but they cost. And for MHL sp, its probably better to have more pie in the sky. Spike on spud and hope for the best project.

But make sure it is in an area unaffected by weather extremes, political unrest, etc.