50c cap raising for a small sum that gives you an extra 70c option to exercise over the next 2 years...
Very good value... yet we can only take out 1 for every 10 shares. Then we get 1 option for every 2 of SPP we get...
Having 100000 shares... means only 10000 can be purchased for 50c. SP around this now, however we get an extra 2500 options to exercise in the next 2 years.
What is this worth- the cap raise will hold the shares very close to 50c IMO. I will accummulate below, as I guess many will. Take up the offer and look for IFE and TRF to increase after the Cap raising. IMO.
Oh well the cap raise was needed to get the Iron Ore out the door.
Any commodity gains or losses should not affect this play for the next month now...IMO
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Mkt cap ! $16.43M | |||
| Open | High | Low | Value | Volume |
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