AVB 0.00% 16.5¢ avanco resources limited

I think the company did the politically correct thing with the...

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    I think the company did the politically correct thing with the rights issue. I don't think it has anything to do with the transference of risk, but rather giving holders an opportunity to be 'minimally diluted'. If they had have been able to put that other $40M to the big guys without giving the shareholders the opportunity to be involved you would have heard the squeals loud and clear.
    It may end up that a lot of those rights aren't taken up and the big boys scoop them up anyway, but achieving that end will be much more palatable this way.
 
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