My advice would be to sell both your common shares and your rights, and maybe buy NBD if you still want exposure to the panels market.   ANS should pop up in price once the rights expire but today's market is giving you a premium on this financing deal and you cann't be sure it still will when the share float is increased.  As a rule the market won't but the broader market may still be strong so that's why I suggested something else in the sector.  (everybody in the lumber/plywood industry is a know-it-all so there are probably lots of differing opinions)  good luck