I suppose you know nobody can really answer your question but you.
For me, (totally unqualified) I hold a fair wack and presently intend to take up the RI. As for averaging down, I will sleep on it. I had a buy in this morning at 8 cents and pulled it before open. I might try again tomorrow.
I am bullish on the stock, tempered by what ANZ will do with the shares. and what percentage will take up the rights issue, the lower Prime is the better.
A direct offer to Lachlan murdoch would be an excellent outcome from my point of view, or simply dump them on the market tomorrow so we can all grab some. Short term pain for long term gain.
I think without checking the ANZ parcel was ex entitlement Which means DES and Co could still participate.
Things seem better now than this morning in my mind.
Oscar
I might start posting some of my notes for comments, ridicule or other, as we only have 14 days for acceptance. Thatshould keep the DES forum interesting.
DES Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
