rimtalay I dont know if the rights will get taken up I think they are underwritten so I am guessing the broker is prepared to take the shortfall. Will they appreciate when traded I dont know that either but I doubt it initially anyway as that prospectus released today was less than stunning IMHO when you disect it I have OLYOB mainly, 35 cent exercise price before 31 Dec 09 likely to expire worthless under current management. wasnt good to see no mention of Bati Bati project in the prospectus released today and it not good to see on page 14 of the prospectus that inventories have only increased $300k (sampit zircon I am guessing) in the last 2 months. By my reckoning they should have had $2m in inventory increase in that time frame so something is either wrong with my calculations or how well the plant is operating
Really I dont care about harts range or keysbrook as neither have the capacity to get the sp moving up unless they are sold off for good money I thought kalimantan was a cash cow but looks like these guys dont know how to milk it yet
OLY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
