Zmans, thanks. I've not read every bit of the UCL rights prospectus like Seals probably has, so I probably shouldn't give an opinion on it, but I were to stick my neck out I would think it will probably be alright. I've applied for £8000 worth of shares (A$16,000?) so it is all down to whether the airmail works properly between the UK and Oz, and to whether I am allowed to apply for excess (shortfall?) shares. We'll see.
I am hopeful the dilution after the BFS stage won't be as bad as people think, particularly if we are to be at the bottom end of the cost curve. Fingers crossed.
BON Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held