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1.1¢ legacy iron ore limited

Wonder how many in the top 40 will take up their entitlement as...

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zmans

10,332 Posts.

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17/07/14

21:01

Post #: 13677027
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Originally posted by pilatus ↑

A destructive RI.....this cannot be in the best interests of SH especially the retailers
Why would any Co. with any commonsense. want to dilute the crap out of SH at the lowest possible price x 3 times?. to end up with 2.4b shares on issue and only raising some 24m
How far is that going to go? keeping in mind they will need to raise further in the future..
Oh I know.... they will do SP consolidations along the way like HAW and investor holdings will have a digit removed... in a 10 for 1....1m shares will become 100,000 shares etc
If this RI fails with the retailers who have been burnt beyond recognition it with end up all good for NMDC who will swoop on a greater % ownership of the Co.and Mt Bevan for a pathetic 1.4c whist doing absolutely nothing and promising everything
If you think we were duped when they pick up 50% of the Co for 9 c...think again as surely Bevan is further advance now than what is was back then
The eventual winner out of all this will be the Indians who will end up with the whole Co. for peanuts at the expense of all retailers..no wonder they are participating

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Wonder how many in the top 40 will take up their entitlement as they represent approx 85% of the co ?

LCY Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $100.2M

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