Originally Posted by
blackcap
The sharesies crowd have had quite a few placements or rights issues and have participated with gusto. Think KMD, IFT, IKE, and many more the last 2 months. Many have been disappointed they got scaled back. Well that is my read on it.
I take your view about the price. I think insto's would accept $1 as a 30% discount to current SP. Also remembering the govt has to put in their share so not that much needs to be raised.
That said my initial post was a bit more tongue in cheek, sounds nice and symmetrical; 1 for 1 at 1.