I don't think many would participate if the SP stays on these levels. Anyone who buys in before the ex date will need to be confident that the farmin will result in a rally.
As it stands, the adjusted SP after dilution will be around 19c. Not appealing at all. That said, the management must somewhat be confident about the farmin agreement... or maybe they just don't have a choice
load up before deadline to take up rights opp, page-6
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