It is unusual for this to be conducted as a renouncible rights issue in this uncertain economic environment and that speaks volumes to me.
It tells me that management do not care if entitlements are taken up by existing shareholders because they or some others in the know stand ready and willing to pick up any surplus shares.
That my friends is GOOD NEWS because it tells us something real positive is happening.
SXG Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
