It would certainly be great if we could wait and take up the cap raising rights issue. And if Santos and the usual pattern post raising is any guide, might also pick up further bargains after too.
Hard to say whether a cap raising is needed - I know there are rumours in the market about one in preparation.
But let say it is needed... how much would they need to raise? $100m?
Time to off-load this Mermaid, page-28
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