FM> What did you take up?

None.  If the new shares aren't a particularly good deal, there's no reason
to put money into them.

PE>> So what a pity, LKO is down not because of rearrangement.  So why is it 
PE>> dow (7.6 to 3.9 or something)?  Is it because they plugged a hole?  You
PE>> mentioned a few things that LKO had in it's favour, are any of them going 
PE>> t pay off you think?  BFN.  Paul.

FM> I think they fell for 2 reasons - firstly they went ex-entitlement, so
FM> effectively from that date LKO only owns 1/3 of Gawler Gold instead of
FM> 100%, and secondly because there was an expectation that the entitlement
FM> was going to offer a better deal for existing shareholders than it did
FM> in the end. I thought it would.

Eh?  Where did the 2/3 of Gawler Gold value go?  ie, I used to own that
2/3, who was it given to?  If it was GIVEN to the people who took up the
offer, then the deal should have been good, and I should have bought them?!
 BFN.  Paul.
@EOT:

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