@Kev2damax, no mate you don't have to participate in the cr. You can choose to take up your entitlement offer or not, its your choice based on your own investment approach, assessment of the companys outlook, and personal current financial position (among other things).
Often from my experience, (which is probably limited in comparison to my fellow HC forum users) when a company announces a CR its is not unusual to see the sp drop to reflect a similar value of the entitlement shares, although not always.
My guess is that alot of the current holders are using this as an opportunity to average down. One also has to consider that if positive drill results are forthcoming then 8.5 cents a share would possibly look cheap in hindsight.
(always dyor, definitely don't base a financial decision on what you read on HC, especially from me)!
QRL Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
