RE:FlashI think it's safe to presume the model is going to be dessively positive otherwise why would they bother. Putting the news out after the closing of the rights issue may help avoid any sudden influx of orders for over allotments that might delay the closing and just cause problems all over.
I'm of two minds on the pricing and amount of rights being issued. Offering a lower number of rights, like 1/2 right for each underlying share and requiring 1 whole right and .30 to buy an additional share would have been less dilutive to our US holders and it would have set a new price for the shares. The result would be a Co. with about 20,000,000 shars out.
However the way it's being done now will result in a .15 share price with stock outstanding of around 27,000,000. The benefit of that structure, while more dilutive to our US people, is that it might help create some liquidity which might mean that it actually trades some stock giving everyone the chance to either sell or buy as they see fit. Public Co.'s that are so tight that they don't trade aren't really public Co.'s at all.
diabase1 wrote: Thanks for posting the video of Chris Taylor with Steve Darling. Towards the end, Taylor mentions that everybody should pay attention to the 3D geological model that will be released towards the end of November or early December. Doesn't the Royalty Rights close on November 27? So does Taylor release the model after the 27th and not before. Hmmmm!! Any thoughts?