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1 - 2 billion tonne of dso haematite for $140m, page-9

  1. ddzx
    28,706 Posts.
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    03/03/11
    23:17
    Post #: 7993465
    Chubbito

    Only 40m shares on issue.

    To raise $30m at $1.50 is only another 20 million share.

    This is the perfect situation for a nice discounted Share Purchase Plan.

    For $15m, a 1 for 4 entitlement @ $1.50 with 1 attaching $3 option.

    For $30m, a 1 for 2 entitlement @ $1.50.

    Or course, the share price could go higher tomorrow & next week, to $2.50

    MBM Price at posting: 43.8¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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