rod,By that i meant that if all the newly issued shares were...

rod,

By that i meant that if all the newly issued shares were alloted all at once then the temptation to lock in a profit may have been too great for some, .45 is the consolidated buy price of the Rights Issue so a quick 20%/25% to be made if you sell at .54 - .57 This may still be the case come September but I would hope not, have seen it consistently with other stocks subject to capital raisings.

I agree with your statement though, no doubt some of the larger shareholders knew of the cap raising beforehand as every positive ann was heavily sold into months before the CR.

Anyway, I also believe there is plenty of upside from here.

cheers