MUM 0.00% 0.0¢ mount magnet south limited

As a refresher the options have an exercise price of $0.25, so...

  1. SBC
    1,005 Posts.
    As a refresher the options have an exercise price of $0.25, so even with the recent market correction they are still significantly in the money.

    The key dates are as follows:

    Prospectus lodged with ASIC and ASX 6 August
    Record date for determining entitlements 17 August
    Dispatch prospectus 21 August
    Closing date 5 September
    Deferred settlement trading commences 6 September

    I note that they have not listed the ex-entitlement date - by my calculations the ex date will be Monday 13 August, so you will have to be holding by this Friday 10 August to qualify and you will be able to sell on the ex date.

    Additionally, drilling at their prospective foothills project started on 19 June and assays were expected within a month. This is now overdue and could be out very soon (maybe a 1-2 announcement?).

    Cheers
    SBC
 
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