With SP of MPV at 3.50 or a few cents higher why buy rights ? Only paying an additional commission for no real benefit. Also SP at 3.50 is great for insider who will be able to pick up more MPV from non exercised rights. To his benefit. Doubt he will try takeover ov MPV as he will need to get 90% of all O/S shares. IMHO he will not mine property but would be interested in MPV being taken over but DeBeers owner or by HW . My guess is he would want 15-20 per share. The more shares he owns/controls the easier for a deal to be done by a purchaser. All IMHO of course.